NASDAQ 100 at Heavy Supply – Time to Sell the Top?

The US100 (NASDAQ) has entered a strong supply zone near 21,800, and history suggests this is no time to get greedy…

🧠 Key Observations:

Price is now inside a critical resistance area marked by LuxAlgo’s Supply & Demand indicator.

We've had multiple rejections at this level going back to March.

Momentum is slowing even as price pushes higher — divergence alert 🚨


📉 Potential Drop Zones:

21,765 = immediate resistance-turned-support to watch

19,185 = former consolidation + breakout base (likely bounce zone)

16,948 = demand cluster where bulls are likely to reload


📆 Timing Is Key:

With macro catalysts (⚡🌍📰) scheduled in the coming week — including inflation and Fed signals — volatility could spike and force a sharp move down if sellers take control.


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📌 My Setup:
If price fails to break and hold above 21,800, I’m watching for bearish confirmation to short, targeting 19,185 short-term and 16,948 mid-term.


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💬 What’s your take on NASDAQ?
Do you trust this breakout or is it just another bull trap?

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