NASDAQ100 (US100) Testing Key Supply Zone – Big Move Loading?

The NASDAQ100 (US100) is currently testing a major supply zone around 21,380 – 21,400, marked clearly by repeated price rejection and visible range resistance from LuxAlgo’s Supply & Demand indicator.

After a strong bullish move from the 20,688.51 demand zone, price is consolidating just below resistance, forming what looks like a potential distribution range. If bulls fail to break this level cleanly, we could see a sharp drop toward the next key supports:

First target: 21,044.29 (Minor support / previous resistance)

Second target: 20,688.51 (Major demand zone, confirmed by volume)


Why this setup matters:

The supply zone has already rejected price multiple times – showing seller strength.

RSI is flattening out, showing momentum loss.

U.S. economic events are coming up (marked on the chart) – these could trigger volatility and confirm direction.


Trading Plan:

Watch for a clean rejection or breakout from the blue zone.

A confirmed rejection + bearish candle pattern = short entry with stops above the zone.

A breakout with volume = bullish continuation above 21,400.


Comment below:
Are you buying the breakout or selling the rejection?
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