Nasdaq-100 Market Outlook: Reversal Signals Strengthen Bullish Trajectory

Nasdaq‑100 is exhibiting a robust upward trajectory after successfully rebounding from a critical support zone near 28,630. This level has acted as a defensive barrier for the index since May and, coupled with the lower daily Bollinger Band and a 38.2% Fibonacci retracement of the April impulse, has driven the market higher.

The recent bounce off this support leveled halted the earlier, modest impulse Wave 3, confirming the continuation of the prevailing daily uptrend. Technical analysts project that the index will likely advance toward the next resistance threshold at 29,815— the top of the preceding Wave II.

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