Nasdaq 100 doji stall near 29,800 resistance: Live levels

The Nasdaq 100 is consolidating in a narrow range around 29,614 following the formation of an indecisive Doji candlestick on its 5-hour chart, right below major overhead resistance at 29,800. While buyers have maintained prices comfortably above the 200-period moving average of 29,283.50, momentum indicators reflect waning trend strength. The Average Directional Index (ADX) has fallen to 19.23 indicating trend exhaustion, the Relative Strength Index (RSI) stands at 58.83, and the MACD histogram is fading alongside an Average True Range (ATR) under 0.5%. Technical market participants face elevated risk of a bull trap if the index makes an unconfirmed breakout above the 29,800–29,850 resistance zone without sustained trading volume. Analysts identify a no-trade chop zone between 29,400 and 29,700, noting that primary support rests in the 29,200–29,350 region. An aggressive bull trigger requires a 5-hour close above 29,650 targeting 30,167, whereas a break below the 200-SMA near 29,200 would validate a bearish shift targeting 29,090.