NASDAQ 100 | Daily Technical Outlook
Market Structure
The Nasdaq 100 remains under corrective pressure after failing to sustain its recent recovery attempt. The daily timeframe shows price rotating lower from the 25,800 – 26,100 regions, reinforcing a sequence of lower highs in the short term.
On H4, the index continues to trade below key moving averages, with momentum shifting back to the downside following repeated rejection from the 25,000+ zone. Intraday (M15/H1) price action confirms renewed selling pressure, with the latest decline pushing the index back toward the 24,750 area.
Key Resistance Zone
The nearest resistance now sits at 24,950 – 25,100, a zone formed by the recent breakdown and aligned with short-term moving averages. Any rebound into this area is likely to attract selling interest.
Additional resistance levels:
- 25,400
- 25,800 – 26,100 (major structural resistance)
As long as the Nasdaq trades below 25,100, bearish pressure remains dominant.
Key Support Zone
Immediate support lies around 24,700 – 24,750, where price is currently attempting to stabilize.
A breakdown below 24,700 would increase downside momentum, exposing lower targets:
- 24,400
- 24,000 – 24,100 (major structural support zone)
A sustained move below 24,000 would confirm deeper corrective continuation.
Expectations
Bearish Scenario (Primary)
The structure favors continued downside as long as price remains below 25,100.
If 24,700 breaks, expect acceleration toward 24,400, with potential extension toward 24,000.
Bullish Scenario (Alternative)
A recovery above 25,100 would signal short-term stabilization, opening the door toward:
- 25,400
- 25,800 (a key barrier that must be reclaimed to weaken the bearish bias)
Until then, upside attempts are likely to remain corrective.
Outlook
The Nasdaq 100 is trading within a short-term bearish corrective structure, with sellers maintaining control below key resistance. While support near 24,700 is currently holding, a decisive break could trigger the next leg lower toward deeper structural support levels.
