NASDAQ 100 | Technical Outlook
Market Structure
The NASDAQ 100 is attempting a short-term recovery following a sharp bearish decline that pushed price toward the 23,600–23,700 region. The recent rebound is corrective in nature, with price reclaiming some lost ground but still trading below key resistance levels on higher timeframes.
The H4 and Daily structures continue to reflect a broader bearish trend, characterized by lower highs and sustained selling pressure. While intraday momentum has turned slightly positive, the recovery lacks strong follow-through, suggesting that the current move may be a temporary pullback rather than a full trend reversal.
Key Resistance Zone
The nearest resistance is located at 24,250 – 24,350, where price is currently facing rejection and prior support-turned-resistance.
Additional resistance levels:
24,500 – 24,700 (H4 supply zone)
25,000+ (major psychological resistance)
As long as price remains below 24,350, bearish pressure is likely to persist.
Key Support Zone
Immediate support lies at 24,000 – 24,100, which is acting as a short-term pivot area.
A breakdown below this zone would expose further downside targets:
23,700
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 broader structure remains bearish while price trades below 24,350.
A rejection from current levels followed by a break below 24,000 would likely trigger renewed selling toward 23,700, with potential extension toward 23,500.
Bullish Scenario (Alternative)
A sustained move above 24,350 would signal stronger recovery potential, opening the door toward:
24,500 – 24,700
25,000+ if bullish momentum strengthens
However, a broader reversal requires reclaiming higher timeframe structure.
Outlook
The NASDAQ 100 remains under broader bearish pressure despite the current short-term rebound. While buyers are attempting to stabilize price above recent lows, the recovery appears corrective. Sellers are likely to remain in control unless key resistance levels are decisively broken.
