Nasdaq 100 | Daily Technical Outlook
Market Structure
The Nasdaq 100 is currently under renewed bearish pressure after failing to hold its recent recovery attempt. Price action shows a clear breakdown from the prior consolidation phase, with sellers regaining control and pushing the index decisively lower.
The sharp sell-off from the $25,700 – $25,800 area marked a structural shift, leading to an impulsive decline toward the $25,150 region, where price is now attempting to stabilize.
Key Resistance Zone
The nearest resistance is located at $25,450 – $25,600, aligned with the latest breakdown and short-term moving averages. Any corrective rebound into this zone is likely to attract selling interest.
Additional resistance levels:
- $25,750
- $25,900 – $26,000 (major bearish rejection zone)
As long as the Nasdaq 100 remains below $25,600, upside moves are expected to remain corrective in nature.
Key Support Zone
Immediate support is found around $25,100 – $25,150, where price is currently reacting.
A confirmed break below $25,100 would expose deeper downside targets:
- $24,850
- $24,500 – $24,600 (key daily structure support)
Failure to hold above $24,500 would significantly weaken the broader bullish structure.
Expectations
Bearish Scenario (Primary)
The prevailing structure favors further downside as long as price trades below $25,600.
A clean break below $25,100 could accelerate selling pressure toward $24,850, with extension potential toward $24,500.
Bullish Scenario (Alternative)
A recovery above $25,600 would signal short-term stabilization and open the door for a move toward:
• $25,750
• $25,900 – $26,000
However, only a sustained reclaim above $26,000 would meaningfully weaken the current bearish bias.
Outlook
The Nasdaq 100 remains technically fragile after breaking key support levels, with sellers maintaining control below major resistance. While short-term stabilization is possible near current levels, the broader outlook stays bearish unless price can reclaim $25,600, with downside risks increasing on a break below $25,100.
