NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 remains under corrective pressure after failing to sustain its previous recovery attempt. The broader structure shows a loss of upside momentum, with price trading below recent swing highs and struggling to reclaim higher resistance levels.
After the sharp rejection from the 26,000+ region, the index entered a corrective phase, recently stabilizing near the 24,800–24,900 zone. Current price action reflects consolidation rather than a confirmed bullish reversal, as upside moves remain limited and lack follow-through strength.
Overall, the structure remains fragile while price trades below key resistance.
Key Resistance Zone
The nearest resistance stands at 25,000 – 25,100, a zone aligned with recent rejection and short-term structural supply.
A sustained move above this area would expose:
- 25,300
- 25,600 – 25,900 (major resistance and prior breakdown zone)
As long as the index remains below 25,300, recovery attempts are likely to face selling pressure.
Key Support Zone
Immediate support lies at 24,750 – 24,800, where price is currently consolidating.
A breakdown below this zone would expose:
- 24,600
- 24,400 (major structural support)
A decisive move below 24,400 would reinforce broader downside continuation.
Expectations
Bearish Scenario (Primary)
As long as NASDAQ 100 trades below 25,300, the structure favors further corrective downside.
A break below 24,750 could trigger renewed pressure toward 24,600 and potentially 24,400.
Bullish Scenario (Alternative)
A recovery above 25,100 would signal short-term strength, opening the path toward 25,300 and possibly 25,600.
However, the broader bias remains cautious unless price reclaims higher structural resistance.
Outlook
NASDAQ 100 is consolidating near key support after recent weakness. The index remains in a corrective phase unless resistance above 25,300 is reclaimed. A break below 24,750 may accelerate downside pressure toward deeper support zones.
