Nasdaq 100 | Technical Outlook
Market Structure
The Nasdaq 100 is trading within a broader consolidation phase after failing to sustain its recent upside attempt. Price remains capped below prior swing highs, while recent sessions show choppy movement with lower highs forming on the intraday structure.
The index is hovering around the 24,750–24,800 region, struggling to build strong bullish momentum. Moving averages are flattening on lower timeframes, reflecting indecision, while the higher timeframe structure remains vulnerable below key resistance.
Key Resistance Zone
Immediate resistance stands at 24,900 – 25,000, where previous rejection and supply pressure emerged.
Additional resistance levels:
- 25,200
- 25,450 – 25,500 (major structural resistance)
As long as price remains below 25,000–25,200, upside momentum is likely to stay limited.
Key Support Zone
Immediate support lies at 24,650 – 24,700, which is currently holding the short-term structure.
A break below this area would expose:
- 24,400
- 24,150 – 24,200 (stronger structural support)
A sustained move below 24,150 would confirm renewed bearish pressure.
Expectations
Bearish Scenario (Primary)
If the index remains below 25,000 and breaks 24,650, sellers could push price toward 24,400, with potential extension toward 24,150.
Bullish Scenario (Alternative)
A decisive break and hold above 25,000 would signal renewed strength, opening the door toward 25,200 and potentially 25,500. Bulls need a strong close above resistance to shift momentum.
Outlook
The Nasdaq 100 remains in a fragile consolidation phase beneath key resistance. Short-term rebounds are possible, but the structure favors cautious trading unless price reclaims 25,000. A breakdown below 24,650 could accelerate downside momentum toward deeper support levels.
