The NASDAQ 100 Index is showing a clear transition from bullish to bearish structure, following multiple rejections near the highs.

This shift suggests the market is entering a corrective phase, with sellers gaining control.

📉 Market Structure

• Trend → Bearish shift confirmed

• Momentum → Weakening

• Market Phase → Correction

👉 Bias: Bearish continuation

🔴 Resistance Zone

23,700 – 24,000

Expected selling pressure zone during pullbacks.

🟢 Support Levels

22,260 → Immediate support

20,755 → Downside target

19,229 → Major demand zone

📌 Conclusion

USTEC is entering a corrective environment, with rallies likely to face selling pressure until a clear reversal structure develops.

🔥 Multi-Asset Narrative Insight (Very Useful for Your Daily Brief)

This Nasdaq weakness aligns strongly with:

• ₿ Bitcoin → Distribution + downside risk
• 🥇 Gold → Sell-the-bounce structure
• 🛢️ Oil → Bullish but volatile
• 📉 Nasdaq → Confirmed bearish shift

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