NAS100 at Critical Supply Zone – Is a Major Reversal Brewing?

The NAS100 (US100) just tapped a key supply zone around 21,250, showing strong signs of overhead resistance. This is the same area that previously triggered sharp rejections – and we’re back there again.

What I'm watching:

Price Action is currently reacting to a visible supply zone (highlighted in blue).

If the market fails to break above 21,250, I expect a potential rejection leading to:

First support zone: 17,064

Second deeper target: 12,588 (strong demand zone highlighted in orange).



Bearish Outlook Triggers:

Daily close below 20,900

Increased sell volume at resistance

Failure to form higher highs


Bullish Invalidator:

Clean breakout and retest above 21,250 with momentum


My Plan:
Watching for short signals near resistance with tight SL above 21,400. TP zones set around 17k and 12.5k if weakness confirms.

Technical Confluence:

Previous highs acting as resistance

Supply & demand zones (LuxAlgo VR)

Bearish divergence forming on RSI (not shown here but visible on lower TFs)


What do you think? Will NAS100 break out or is a deep correction coming?

#US100 #NASDAQ #Indices #PriceAction #SupplyAndDemand #LuxAlgo #TradingStrategy #ReversalSetup #SmartMoney #BearishBias