Today, I’m sharing my technical analysis of the NASDAQ 100 and highlighting a few important points from the current market structure.

If you look at the previous week, you can see that the market showed strong bullish momentum. During this move, the price successfully broke above its trendline with strong bullish displacement, which indicates that buyers are currently showing strength.

After the breakout, the price retraced toward a recent Fair Value Gap (FVG) on the daily timeframe and produced a very strong rejection from that area. This rejection provides additional confirmation that buyers are defending the level and that the bullish momentum may continue.

The next important level to watch is around 30,700, which is the potential resistance/target area above the current price.

One of the key reasons I remain bullish is that, between the current price and the 30,700 level, I do not see any significant Point of Interest (POI) where the price is likely to face strong resistance or experience a major reversal.

As a result, there is a strong possibility that the price could continue moving higher toward the 30,700 level, provided the current bullish structure remains intact.

As always, this is a technical analysis based on the current market structure and not a guarantee of future price movement. Proper risk management should always be part of any trading plan.

Thank you.