Nasdaq 100 | Technical Outlook
Market Overview
The Nasdaq 100 is trading within a broader bullish structure, but short-term price action shows consolidation and hesitation below key resistance. After a strong recovery from the mid-December selloff, the index has moved back above rising moving averages on intraday and H1 charts, signaling renewed upside momentum.
However, on higher timeframes (H4 and Daily), price remains within a corrective phase below the recent highs, suggesting the current advance is still a recovery leg rather than a confirmed impulsive breakout.
Overall bias remains bullish-to-neutral, with trend continuation favored as long as key support holds.
Key Resistance Levels
Immediate resistance is located at:
25,480 – 25,600
This zone represents:
- Prior daily resistance
- The upper boundary of recent consolidation
- A key rejection area on H4 charts
A sustained break and daily close above 25,600 would confirm bullish continuation toward:
- 25,950
- 26,300 (major daily resistance)
As long as price remains capped below this zone, upside moves may face selling pressure.
Key Support Levels
Immediate support is found at:
25,300 – 25,150
This area aligns with:
- Rising H1 and H4 moving averages
- Previous breakout structure
- Short-term demand zone
If price breaks below 25,150, downside risk increases toward:
- 24,850
- 24,500 (major H4 support)
A clean break down below this zone would shift the bias back to corrective or bearish.
Expectations
Bullish Scenario (Preferred While Above Support)
As long as the Nasdaq 100 holds above 25,150, upside continuation remains favored toward:
- 25,600
- 25,950
Pullbacks into support are likely to be bought while the structure remains intact.
Bearish Scenario (Only If Structure Breaks)
Failure to hold above 25,150, followed by a sustained break lower, would signal loss of bullish control and open a deeper correction toward:
- 24,850
- 24,500
This scenario requires acceptance below support, not just intraday volatility.
Overall Outlook
The Nasdaq 100 remains structurally bullish on higher timeframes, with the recent recovery supported by improving momentum and rising averages. However, price is still trading below a key resistance zone, keeping the market in a decision phase.
Price action between 25,150 support and 25,600 resistances will define the next directional move. Until a confirmed breakout occurs, the index is likely to remain range-bound with a bullish bias.
