NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 is undergoing a clear bearish correction after failing to sustain its broader bullish momentum. Recent price action shows a decisive downside impulse, with the index breaking below multiple short-term support levels and accelerating lower.
The sharp sell-off from the 25,800–26,000 region marked a structural shift, dragging price toward the 24,700 area, where the market is currently attempting to stabilize. While short-term rebounds have appeared, the overall structure remains fragile.
Key Resistance Zone
Immediate resistance is now located at 24,900 – 25,050, a former support area that has flipped into resistance following the breakdown. Any upside retracement into this zone is likely to attract renewed selling pressure.
Additional resistance levels:
- 25,300
- 25,600 – 25,800 (major bearish rejection zone)
As long as the index trades below 25,050, bearish control remains dominant.
Key Support Zone
Primary support is holding around 24,650 – 24,750, where the latest decline temporarily paused.
A confirmed break below 24,650 would expose deeper downside targets:
- 24,300
- 24,000 – 24,100 (major structural support)
Failure to hold the 24,000 area would significantly increase downside risk and confirm trend continuation.
Expectations
Bearish Scenario (Primary)
The prevailing momentum favors further downside as long as price remains capped below 25,050.
A breakdown below 24,650 could accelerate selling toward 24,300, with scope for extension toward 24,000.
Bullish Scenario (Alternative)
A recovery above 25,050 would signal short-term stabilization, opening the door toward:
- 25,300
- 25,600 – 25,800, a critical zone that must be reclaimed to weaken the bearish structure
Until then, upside moves are likely corrective in nature.
Outlook
The NASDAQ 100 remains under bearish pressure after breaking key support zones. Sellers continue to control the structure below 25,050, while a sustained hold above 24,650 is critical to avoid deeper losses. A decisive move in either direction will likely define the next medium-term trend.
