The Nasdaq-100 is pushing higher today after Nvidia’s outlook renewed confidence in the AI trade, with strong moves also coming from major software and cybersecurity stocks. But the important question now is not simply why the market is going up — it’s where price is likely to react next. Nasdaq-100 futures have reclaimed the 50-day moving average around 29,444, while price is now approaching a key resistance zone between 29,611 and 29,645, with the session high around 29,662. A sustained break above 29,645 could open the way toward 29,809, while failure around this resistance area could bring attention back toward 29,304 and potentially 29,151. At ProSignal.ai, this is where we focus on the market structure, liquidity, and price behavior around these levels rather than simply following the headline. The next reaction around this resistance zone could tell us whether the current rally has more room to run or whether we are approaching a potential turning point.
Reference: fxempire.com
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