Nasdaq 100 | Technical Outlook
Market Structure
The Nasdaq 100 remains structurally bullish on the higher timeframes, with the broader uptrend still firmly intact despite recent volatility. Following a strong advance, price has entered a short-term corrective phase, marked by temporary pullbacks and consolidation as momentum cools.
This correction appears technical in nature rather than a trend reversal, reflecting profit-taking and a natural reset after the recent rally. As long as the Nasdaq holds above key higher-timeframe support levels, the prevailing bullish structure remains valid, with the current price action favoring consolidation before a potential continuation higher.
Key Resistance Zone
Immediate resistance is located at $25,530 – $25,600, where price recently stalled and sellers re-entered the market.
Additional resistance levels:
- $25,750
- $26,000 (major psychological and structural resistance)
A sustained break above $25,600 would indicate that the corrective phase is ending and bullish momentum is resuming.
Key Support Zone
Primary support lies at $24,950 – $25,000, which has acted as a strong reaction zone during the current correction.
Below this level, further downside support is located at:
- $24,600
- $24,200 (key medium-term structural support)
A clean break below $24,950 would deepen the corrective move and expose the lower support zones.
Expectations
Bullish Scenario (Primary)
As long as the Nasdaq 100 holds above $24,950, buyers are likely to remain in control.
A successful defense of support could lead to renewed upside toward:
- $25,600
- $25,750
- $26,000
This would confirm the correction as temporary within the broader uptrend.
Bearish Scenario (Alternative)
If price decisively breaks below $24,950, selling pressure may extend toward:
- $24,600
- $24,200
Such a move would signal a deeper corrective phase, though the long-term trend would remain bullish unless $24,200 fails.
Outlook
The Nasdaq 100 is currently in a controlled correction within a dominant bullish structure. While short-term pressure remains, buyers are still defending key support levels. The index remains constructive above $24,950, with the broader trend favoring continuation higher once the correction completes. A deeper pullback would only be confirmed on a break below major support zones.
