Technical Analysis:
The NDX 100 appears to be setting up for a potential seller's trap, with a break and close above 18,000 likely opening the way to the 18,430 level. For now, patience is key as we wait for the market to break these levels. A short-term top is anticipated in the 18,600 - 18,700 zone, and once these levels are tested, we'll look to go long after the 18,000 level is breached. The bearish cycle is expected to resume between August 14th and 16th, aligning with the anticipated top around that period.
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