NASDAQ 100 | Technical Outlook
Market Structure
The NASDAQ 100 remains under sustained bearish pressure, with price continuing to trend lower following a clear rejection from the 25,000 region. The recent decline has been characterized by strong impulsive selling and a consistent sequence of lower highs and lower lows across the H1 and H4 timeframes.
Price is now approaching a key support area near 24,150–24,200, where some short-term reactions may emerge. However, the broader structure remains decisively bearish, with no confirmed signs of a trend reversal yet, and current price action suggests continuation rather than recovery.
Key Resistance Zone
The nearest resistance is located at $24,400 – $24,600, where recent pullbacks have been capped and selling pressure remains active.
Additional resistance levels:
$24,800 – $25,000 (major supply zone)
$25,300+ (higher timeframe resistance)
As long as price remains below $24,600, bearish pressure is likely to persist.
Key Support Zone
Immediate support lies at $24,100 – $24,200, where price is currently testing demand.
A breakdown below this zone would expose further downside targets:
$23,800
$23,500 – $23,600 (major structural support)
A sustained move below $23,500 would confirm continuation of the broader bearish trend.
Expectations
Bearish Scenario (Primary)
The structure remains bearish while price trades below $24,600.
A break below $24,100 would likely trigger further selling toward $23,800, with potential extension toward $23,500.
Bullish Scenario (Alternative)
A recovery above $24,600 would signal short-term strength, opening the door toward:
$24,800 – $25,000
$25,300+ if bullish momentum strengthens
However, a broader reversal requires reclaiming higher timeframe structure.
Outlook
The NASDAQ 100 continues to trade within a well-defined downtrend, with sellers maintaining control across multiple timeframes. While price is approaching a key support zone, any recovery is likely to remain limited unless resistance levels are decisively broken.
