Nasdaq 100 | Technical Outlook
Market Structure
The Nasdaq 100 is currently experiencing a clear bearish corrective phase after failing to sustain upside momentum near recent highs. Across the lower timeframes, price has printed strong impulsive selloffs, followed by weak and shallow rebounds, confirming seller dominance in the short term.
On the H4 timeframe, the index has broken below a key consolidation range and is now trading under declining moving averages, signaling a shift from bullish continuation into a corrective-to-bearish structure. While the daily trend remains broadly bullish, the loss of momentum near recent highs has opened the door for a deeper pullback within the broader uptrend.
Key Resistance Zone
Immediate resistance is located at $25,300 – $25,400, where previous breakdown levels and short-term moving averages converge. Any recovery into this zone is likely to attract selling pressure.
Additional resistance levels:
- $25,550
- $25,750 – $25,900 (major supply zone and prior rejection area)
As long as price remains below $25,400, upside attempts are considered corrective rather than trend changing.
Key Support Zone
Immediate support is currently holding near $25,050 – $25,100, where price is attempting to stabilize after the recent decline.
Below this level, further downside targets come into focus:
- $24,800
- $24,500 – $24,600 (major structural support)
A confirmed breakdown below $25,000 would significantly increase downside pressure and signal continuation toward lower support zones.
Expectations
Bearish Scenario (Primary)
The prevailing momentum favors further downside as long as price trades below $25,400. A rejection from resistance or a breakdown below $25,050 would likely accelerate selling toward $24,800, with extension potential toward $24,500.
Bullish Scenario (Alternative)
A sustained recovery above $25,400 would be the first sign of short-term stabilization. If bulls manage to reclaim this level, upside targets open toward:
- $25,550
- $25,750
However, a full bullish reversal would require acceptance above $25,900, which currently remains a strong barrier.
Outlook
The Nasdaq 100 is under short-term bearish pressure following a clear breakdown from recent highs. While the broader daily trend remains constructive, current price action favors further corrective downside unless bulls can reclaim key resistance levels. Traders should remain cautious, as continued weakness below $25,000 could deepen the pullback before the broader uptrend attempts to resume.
