NASDAQ 100 Near Key Support — Decision Zone AheadUSNAS100 – Overview
After Powell’s speech lifted market sentiment and boosted Fed cut bets, tech remains in focus ahead of Nvidia’s earnings (Aug 27) — a potential key catalyst for NASDAQ’s next big move.
🔹 Technical Outlook
Price action still looks bearish in the short term, with potential continuation down toward 23,295.
If the index stabilizes above 23,295, a bullish reversal can start building.
Otherwise, a break below 23,295 exposes the next supports at 23,165 and 23,045.
On the upside, holding above 23,520 would support renewed bullish momentum toward 23,695.
🔹 Key Levels
Support: 23,295 – 23,165 – 23,045
Resistance: 23,530 – 23,690 – 23,870
✅ Summary:
NASDAQ remains under pressure but is trading close to a decision zone. Stabilization above 23,295 could trigger a bullish rebound, while a breakdown would extend the bearish move. With Powell’s dovish tilt and 90% cut bets already priced in, all eyes now turn to Nvidia earnings to determine if tech can lead the next rally.
