Nas100 - Cautious Rebound: Tests Resistance, Demand Still IntactNas100 – 4H Technical Zone Analysis
Zone 1: Major Supply / Rejection Zone
This area represents the upper resistance band just below the recent all-time high. It’s where sellers previously absorbed liquidity and triggered the latest strong downside move. Until price can reclaim and hold above this level, it remains a key supply zone. Any retest from below should be watched for signs of exhaustion or rejection, as sellers could step in aggressively again.
Zone 2: Secondary Supply / Intraday Pivot Zone
Zone 2 has acted as both support and resistance in recent sessions. It now serves as a secondary supply zone and an intraday pivot level. If price fails to break cleanly above it, the area could cap upside momentum and trigger another pullback. A decisive breakout above, with acceptance on higher volume, would strengthen bullish control and open the path toward Zone 1.
Zone 3: Key Demand / Structural Support
This zone marks the base of the recent rebound, the origin of the strong bullish impulse following the heavy sell-off. Buyers have shown clear commitment here, defending the level multiple times. As long as price stays above Zone 3, short-term structure remains constructive. A breakdown below would shift sentiment bearish and expose deeper liquidity pools toward 24,000.
The Nas100 is trading with a cautious and slightly bearish tone today after sentiment weakened overnight. Earlier optimism from easing U.S.–China trade rhetoric has faded as fresh tensions resurfaced, including new tariff threats and U.S. accusations that China is manipulating access to key technology resources. These headlines have reignited risk aversion, pulling down tech and growth names that had led the recent rebound.
At the same time, the ongoing U.S. government shutdown continues to delay official economic data releases, leaving markets to trade largely on speculation, headlines, and positioning rather than fundamentals. This lack of clarity has made sentiment fragile and intraday volatility high.
Still, the broader outlook remains supported by strong AI and tech-sector investment, which the IMF recently said is helping shield the U.S. from a deeper slowdown. That theme continues to attract capital to the Nasdaq, even as valuations stay stretched and macro uncertainty lingers.
Overall, the mood on Nas100 is cautiously defensive, investors remain positioned in growth stocks but are increasingly sensitive to geopolitical and policy shocks that could quickly reverse momentum.
