NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 is undergoing a sharp bearish continuation after failing to sustain its latest recovery phase. Selling pressure has intensified across multiple timeframes, pushing price decisively lower and confirming a renewed downside momentum.
The rejection from the 26,000 – 26,300 area triggered a strong impulsive decline, breaking below several intraday support levels. Price has since slid toward the 24,700 – 24,650 regions, where it is currently attempting to stabilize. Despite minor rebound attempts, the overall structure remains bearish, with lower highs and weak corrective bounces dominating price action.
Key Resistance Zone
The nearest resistance is located at 24,900 – 25,050, a zone formed by the recent breakdown. Any upside retracement toward this area is likely to encounter renewed selling pressure.
Additional resistance levels:
• 25,300 – 25,450
• 25,800 – 26,000 (major bearish rejection zone)
As long as the NASDAQ 100 trades below 25,050, bearish momentum remains firmly in control.
Key Support Zone
Immediate support lies around 24,650 – 24,700, where the current decline has temporarily paused.
A breakdown below 24,650 would further intensify bearish pressure, exposing lower downside targets:
• 24,300 – 24,200
• 23,900 – 24,000 (major structural support)
Failure to hold above 24,000 would significantly deepen the corrective move and shift focus on lower daily support levels.
Expectations
Bearish Scenario (Primary)
The prevailing momentum favors continued downside as long as price remains below 25,050.
A confirmed break below 24,650 could accelerate losses toward 24,300, with scope to extend toward the 24,000-support zone.
Bullish Scenario (Alternative)
A recovery above 25,050 would be the first indication of short-term stabilization, opening the door toward:
- 25,300 – 25,450
- 25,800 – 26,000 (a key barrier that must be reclaimed to weaken the bearish structure)
Until then, upside attempts are likely to remain corrective and short-lived.
Outlook
The NASDAQ 100 remains under strong downside pressure, with sellers maintaining control after the breakdown from recent highs. The overall structure stays bearish below 25,050, while a loss of 24,650 could accelerate the decline toward deeper support zones. A meaningful shift in sentiment would require a sustained reclaim of the 26,000 regions.
