Nasdaq 100 | Technical Outlook
Market Structure
Nasdaq 100 is showing a clear bearish continuation across multiple timeframes, with price maintaining a sequence of lower highs and lower lows. The recent decline has pushed the index below the key 24,000 psychological level, confirming sustained downside pressure.
Short-term rebounds remain weak and corrective in nature, as price struggles to gain traction above declining moving averages, reflecting strong seller control.
Key Resistance Zone
Immediate resistance is located at 24,100 – 24,300, where price recently broke down and is now facing rejection.
A break above this zone could open the door toward:
- 24,600 – 24,800 (H1/H4 structure resistance)
- 25,200+ (major resistance on higher timeframe)
However, as long as price remains below 24,300, upside attempts will likely stay limited.
Key Support Zone
Initial support is seen at 23,800 – 23,600, where price is currently testing recent lows.
A breakdown below this area could expose:
- 23,300 – 23,000 (next demand zone)
- 22,500 (major daily support level)
Expectations
- Bearish Scenario:
Failure to reclaim 24,100 – 24,300 keeps downside pressure intact, with a potential continuation toward 23,300 and lower. - Bullish Scenario:
A sustained break above 24,300 could trigger a corrective recovery toward 24,800, but would still remain counter-trend unless higher structure shifts.
Outlook
The overall bias remains bearish, with rallies likely to be sold into. Price action suggests continued downside risk unless a strong reversal and structure break occur above key resistance levels.
