NASDAQ 100 | Daily Technical Outlook
Market Structure
The Nasdaq 100 has shifted back into bearish territory after failing to sustain gains above the 25,300–25,500 region. Recent rejection from that supply zone triggered renewed downside momentum, pushing the index back toward key support near 24,600.
The broader structure now reflects lower highs on the daily timeframe, with price trading below declining short- and medium-term moving averages. While minor intraday rebounds are emerging, they remain corrective in nature unless resistance levels are reclaimed decisively.
Momentum currently favors sellers as long as price remains below broken support.
Key Resistance Zone
Immediate resistance is located at:
24,900 – 25,100
This zone represents:
- Recent breakdown area
- Intraday supply cluster
- Confluence with short-term moving averages
Stronger resistance stands at:
25,300 – 25,500
A sustained break above this region would weaken the current bearish bias.
Key Support Zone
Immediate support is located at:
24,450 – 24,600
This area marks:
- Recent swing low
- Key structural reaction level
Below that, deeper downside risk opens toward:
24,000 – 24,150
A decisive break below 24,450 would increase the probability of continuation toward that lower support band.
Expectations
Bearish Scenario
Failure to reclaim 25,100 keeps downside pressure active. A break below 24,450 would likely extend losses toward 24,000.
Bullish Scenario
If buyers reclaim 25,100 and sustain momentum above it, a recovery toward 25,300 becomes possible. However, a structural shift would require strong daily acceptance above that zone.
Outlook
The Nasdaq 100 remains vulnerable below 25,100, with sellers maintaining short-term control. While temporary rebounds may occur, the broader structure favors downside continuation unless resistance levels are decisively reclaimed.
