NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 is currently stabilizing after a sharp corrective phase, with price consolidating around the 24,850–24,900 region across lower and mid timeframes.
On the broader structure, the index remains in a medium-term corrective phase following the rejection from the 26,000–26,200 region. The recent decline established a sequence of lower highs on the H4 chart, confirming short-term bearish pressure. However, recent price action suggests a developing base near the 24,400–24,600 demand zone.
Price is now attempting to recover, but the structure has not yet shifted decisively bullish on higher timeframes.
Key Resistance Zone
The immediate resistance stands at 25,000–25,100, where recent H1 and H4 candles previously rejected and short-term moving averages converge.
A sustained break above this zone would expose:
- 25,250–25,300 (recent swing high on H1)
- 25,600–25,900 (major H4 supply / prior breakdown area)
As long as the index remains below 25,300, upside momentum remains corrective rather than impulsive.
Key Support Zone
Immediate support is located at 24,750–24,800, a short-term intraday base visible on M15 and H1.
A breakdown below this level would shift focus toward:
- 24,600–24,500 (H4 demand area)
- 24,400 (recent structural low)
Failure to hold 24,400 would confirm continuation of the broader corrective leg and increase the probability of deeper downside expansion.
Expectations
Bullish Scenario (Conditional)
If price maintains acceptance above 24,750 and breaks through 25,100, bullish momentum could extend toward 25,250 initially, followed by 25,600.
A decisive reclaim of 25,600 would begin to neutralize the current bearish H4 structure.
Bearish Scenario (Primary While Below 25,300)
Failure to clear 25,100–25,300 may attract renewed selling pressure.
A break below 24,750 would likely trigger downside continuation toward 24,600 and potentially 24,400.
Loss of 24,400 would confirm bearish continuation on the higher timeframe.
Outlook
The NASDAQ 100 is attempting short-term stabilization after recent weakness, but the higher timeframe structure remains fragile. The market is currently trading within a recovery phase inside a broader corrective structure.
A breakout above 25,300 is required to shift bias toward sustained upside, while a breakdown below 24,750 would re-expose the 24,400-support region and reinforce bearish momentum.
For now, the index remains range-bound with a slight bearish bias unless key resistance levels are reclaimed decisively.
