The Nasdaq 100 consolidates as investors assess second-quarter earnings. The index came to a halt at 12200 and a bearish RSI divergence showed a loss of momentum in that key supply zone. A drop below 11700 could be a confirmation that the bias remains down, putting buyers on the defensive. 11500 is a key level to keep the price action afloat. Its breach may send it to the daily support at 10500, where it could be vulnerable to a new round of sell-off. 11900 is a key hurdle to lift before a rebound could gain a foothold.
