NASDAQ 100 | Daily Technical Outlook
Market Structure
The Nasdaq 100 is extending its bearish correction after failing to sustain recent rebound attempts. Selling pressure has accelerated, pushing the index below key short-term support and reinforcing downside momentum. Price is now trading near the $24,550 area, where buyers are attempting to slow the decline.
Key Resistance Zone
The nearest resistance stands at $24,900 – $25,100, a former support zone that has now turned into supply.
Additional resistance levels:
- $25,400
- $25,900 (major structural resistance)
As long as the index trades below $25,100, bearish pressure remains dominant.
Key Support Zone
Immediate support is located around $24,400 – $24,550, where price is currently testing demand.
A breakdown below $24,400 could open the door toward:
- $24,000
- $23,500 (major structural support)
A sustained move below $23,500 would confirm a deeper corrective phase.
Expectations
Bearish Scenario (Primary)
Momentum favors further downside while price remains below $25,100.
A clear break under $24,400 may accelerate the decline toward $24,000, with potential extension toward $23,500.
Bullish Scenario (Alternative)
A recovery above $25,100 would signal temporary stabilization, opening the path toward:
- $25,400
- $25,900
However, upside attempts are likely to face strong resistance unless key levels are reclaimed.
Outlook
The Nasdaq 100 remains under corrective pressure, with sellers maintaining control below $25,100. A break beneath $24,400 could intensify the decline, while only a sustained move above resistance would ease the current bearish structure.
