NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 remains in a broader bullish trend, but recent price action signals a loss of upside momentum and a short-term corrective phase. After failing to sustain gains near recent highs, the index rolled over and slipped below a key intraday pivot, indicating growing selling pressure.
While the larger structure is still constructive, the near-term price behavior suggests the market is digesting gains, with sellers testing demand below resistance rather than a clean trend continuation.
Key Resistance Zone
The primary resistance zone is located at $25,550–$25,700, where multiple rejection attempts have capped upside.
Additional resistance levels:
- $25,900
- $26,200–$26,500 (major bullish continuation zone)
A sustained break and acceptance above $25,700 would be required to revive bullish momentum.
Key Support Zone
Immediate support lies around $25,450–$25,500, a zone currently under pressure.
A confirmed breakdown below this area would expose lower downside levels:
- $25,200
- $24,900–$25,000 (major structural support)
Failure to hold $25,000 would signal a deeper corrective move within the broader trend.
Expectations
Bullish Scenario (Primary)
As long as US100 holds above $25,450, the broader bullish structure remains intact.
A breakout above $25,700 would likely open the door toward:
- $25,900
- $26,200–$26,500
Bearish Scenario (Alternative)
Failure to reclaim $25,550–$25,700, followed by a break below $25,450, could trigger a pullback toward:
- $25,200
- $24,900–$25,000
This would still be considered corrective unless major support gives way.
Outlook
The NASDAQ 100 is entering a short-term corrective phase after stalling below resistance. Bulls remain in control on the higher timeframe, but a reclaim of $25,700 is needed to restore upside momentum. Until then, price action favors consolidation with downside risk toward lower support zones.
Bias: Bullish while above $25,450
Invalidation: Daily close below $25,000
