NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 remains in a broader bullish trend on the daily chart, but recent price action has shifted into a corrective/consolidation phase after failing to hold the latest swing high. Shorter timeframes show choppy, two-sided trade with sharp intraday swings, suggesting the index is rebuilding structure rather than trending cleanly.
Price is currently rotating around a key mid-range pivot area, and direction should become clearer on a break from the current consolidation band.
Key Resistance Zone
Upside progress is capped by a layered resistance area:
- 25,600 – 25,700 (near-term supply / intraday ceiling)
- 25,750 – 25,850 (upper range resistance and recent rejection zone)
A sustained reclaim and hold above 25,850 would improve bullish continuation odds.
Key Support Zone
Price is holding above an important demand pocket:
- 25,450 – 25,300 (current support shelf and short-term base)
A confirmed breakdown below 25,300 would expose deeper supports:
- 25,050 – 24,900 (next structural support)
- 24,750 – 24,600 (major demand zone and broader pullback target)
Expectations
Bullish Scenario (Primary)
If the index continues to defend 25,300–25,450 and pushes back above 25,700, the path opens for a recovery toward 25,850, with a potential extension into the 25,900+ area if momentum rebuilds.
Bearish Scenario (Alternative)
Failure to hold 25,300 would shift control back to sellers, likely triggering a drop toward 25,050–24,900. A deeper flush could retest 24,750–24,600 before stronger demand is expected.
Outlook
NASDAQ 100 remains structurally bullish on the daily timeframe, but the near-term tone is corrective and range bound. The 25,300–25,450 support zone is the key line for trend protection, while 25,700–25,850 is the breakout trigger for upside continuation.
