Nataly Kambur
⬤ The NASDAQ index kicked off the week on shaky ground after getting rejected from recent highs on the daily chart. The mood among traders has turned bearish, and all eyes are now on whether the index will push lower toward untapped liquidity zones.
⬤ Price climbed into the upper resistance area near the BSL zone, but sellers jumped in hard, triggering a sharp reversal. The drop left behind an imbalance zone (IFVG/FVG) above current levels, while the bounce that followed couldn't reclaim those highs. Right now, the index is sitting below that rejection point, looking hesitant after failing to keep the rally going.
⬤ Key liquidity sits below the market, with projected moves pointing toward sellside zones around 24,200 and potentially deeper near 23,842. With overhead imbalance still untested and liquidity waiting below, the focus remains tilted toward further downside rather than any quick recovery.
⬤ This rejection puts NASDAQ in a critical spot—caught between supply overhead and liquidity below. How price behaves here could decide whether we see a broader selloff or a stabilization after the recent pullback.
Nataly Kambur
