NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 is showing signs of short-term stabilization after a sharp corrective pullback from recent highs. Price action rebounded strongly from lower levels, but the recovery remains corrective within a broader consolidation phase. While buyers have stepped back in, upside momentum is still fragile as the index trades below key resistance.
Key Resistance Zone
Upside progress is capped by a well-defined supply area:
- 25,550 – 25,600 (near-term resistance and recent rejection zone)
- 25,750 – 25,850 (major structural resistance and prior swing high area)
As long as the index remains below 25,600, upside moves are likely to face selling pressure.
Key Support Zone
Price is currently holding above an important demand region:
- 25,300 – 25,350 (short-term support and base of the recent rebound)
A confirmed breakdown below 25,300 would expose deeper downside levels:
- 25,000
- 24,600 – 24,700 (major structural support and prior demand zone)
This lower area is critical to prevent a broader bearish continuation.
Expectations
Bearish Scenario (Primary)
Failure to hold above 25,300 would shift momentum back to sellers. A break lower could accelerate losses toward 25,000, with scope for a deeper move into the 24,600–24,700 support zone.
Bullish Scenario (Alternative)
Sustained holding above 25,300 followed by a break above 25,600 would signal improving short-term strength, opening the door for a move toward 25,750. However, only a decisive breakout above 25,850 would confirm a stronger bullish continuation.
Outlook
The NASDAQ 100 is attempting to stabilize after its recent pullback, but the broader structure remains cautious below key resistance. While short-term consolidation may persist, directional conviction will depend on a break above 25,600 or a failure below 25,300, which would dictate the next impulsive move.
