NASDAQ has completed a classic Smart Money Concepts (SMC) sequence, where buy-side liquidity was engineered, followed by a manipulation phase and an aggressive distribution move that pushed price into a major discount zone. The recent decline appears to have been a liquidity-driven selloff rather than a change in the overall market narrative.

Price is now reacting from a strong confluence of a Fair Value Gap (FVG) and a higher-timeframe Order Block, both positioned inside the discount zone. This area represents institutional demand, where large market participants are likely to accumulate long positions after sweeping sell-side liquidity.

The sharp rejection from this support region indicates that buyers are beginning to absorb selling pressure. If price continues to hold above the Order Block, a bullish recovery toward the premium zone becomes increasingly likely. A sustained move above the nearest intraday resistance would confirm renewed buying momentum and increase the probability of an expansion toward higher liquidity.

As long as the Order Block remains intact, the bullish outlook remains valid. A decisive breakdown below this demand zone would invalidate the setup and suggest that sellers have regained short-term control.

🟢 NASDAQ BUY SETUP 📈

💰 Entry: 29,330 – 29,350

🎯 TP1: 29,450
🎯 TP2: 29,600
🎯 TP3: 29,750
🎯 TP4: 29,920

🛑 SL: 29,160