Nas100 Testing All-Time Highs: Breakout or Trap?

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4H Zone Analysis
All-Time High
Price is currently testing fresh record highs. This level carries strong psychological weight and often attracts both momentum buyers and profit-taking sellers.

Zone 1 – Prior All-Time High
This zone, which marked the previous peak, has now flipped into a potential support area. As long as buyers defend it, it reinforces the bullish structure. A clean breakdown below would weaken the breakout narrative.

Zone 2 – Major Demand / Retest Support
A well-established demand zone that has been retested multiple times. It represents the next strong layer of buyer interest, and losing this level would shift momentum toward a deeper correction.

The Nas100 is trading in uncharted territory after breaking to fresh all-time highs. Sentiment remains bullish, supported by falling bond yields and growing expectations of Fed rate cuts, which make growth and tech stocks more attractive. The rally is also fueled by strong momentum in AI and technology names, with FOMO adding to buying pressure.

At the same time, the backdrop is fragile. The U.S. government shutdown creates uncertainty around the release of key economic data, while recent employment and manufacturing figures signal underlying weakness in the economy. This means the index could remain volatile, with the risk of sharp reversals or false breakouts despite the strong upward trend.

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