Nasdaq-100 Rebounds From 28,800 Support, Targets 30,770

After repeated failures to break above the 200-hour moving average near 26,200 and a sharp rejection at the 100-hour MA, the Nasdaq-100 has now reversed higher from the key support zone at 28,800. The index fell to 25,651 on July 6 and closed at 25,776 on July 7 after dropping 346 points, with the Dow and S&P 500 also declining. The latest wave analysis indicates the pullback has ended and the broader daily uptrend remains intact, with resistance eyed at 30,770 if support holds.