NASDAQ 100 | Technical Outlook
Market Structure
The NASDAQ 100 is attempting to stabilize after a broad corrective decline, with price finding support in the 23,600–23,800 region before rebounding back toward the 24,200–24,300 area. The latest recovery has improved short-term sentiment on the M15 and H1 charts, where price is beginning to form higher lows and reclaim short-term moving averages.
However, the broader structure on H4 and Daily remains under pressure, with the index still trading below key higher-timeframe averages and beneath prior breakdown zones. This suggests the current rebound is corrective for now, rather than a confirmed reversal, unless buyers can force a stronger breakout above nearby resistance.
Key Resistance Zone
The nearest resistance is located at 24,250 – 24,400, where price is currently testing a key horizontal barrier and prior reaction area.
Additional resistance levels:
24,600 – 24,800 (H4 supply zone)
25,000+ (major structural resistance)
As long as price remains below 24,400, upside momentum may remain limited.
Key Support Zone
Immediate support lies at 24,000 – 24,100, acting as the first demand zone beneath the current rebound.
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
Bullish Scenario (Alternative)
If price holds above 24,000 and breaks above 24,400, the rebound could extend toward:
24,600 – 24,800
25,000+ if bullish momentum strengthens
However, buyers need a decisive breakout to confirm a stronger recovery phase.
Bearish Scenario (Primary)
The broader structure remains tilted to the downside while price trades below 24,400.
A rejection from current levels followed by a break below 24,000 would likely trigger renewed selling toward 23,800, with potential extension toward 23,500.
Outlook
The NASDAQ 100 is in a corrective rebound after testing a key support zone, but the broader technical structure remains fragile. While short-term price action has improved, sellers still hold the higher-timeframe advantage unless resistance levels are decisively reclaimed.
