NASDAQ 100 | Technical Outlook
Market Structure
The Nasdaq 100 remains under clear downside pressure after failing to hold its recent recovery attempts. Selling momentum has resumed across lower timeframes, with price continuing to print lower highs and lower lows.
The sharp rejection from the $25,800–$26,000 region triggered a renewed bearish leg, dragging the index back toward the $24,900 area, where price is currently attempting a short-term stabilization.
Key Resistance Zone
The nearest resistance is located at $25,200 – $25,400, a zone formed by previous breakdown structure and declining moving averages. Any rebound into this area is likely to attract fresh selling interest.
Additional resistance levels:
- $25,650
- $26,000 (major bearish rejection zone)
As long as price remains below $25,400, the broader bearish structure stays intact.
Key Support Zone
Immediate support is found around $24,900 – $25,000, where price is currently consolidating after the latest sell-off.
A confirmed breakdown below $24,900 would open the door for deeper downside targets:
- $24,500
- $24,000 – $24,200 (major daily structure support)
Failure to hold the $24,000 zone would signal a more aggressive trend shift lower.
Expectations
Bearish Scenario (Primary)
The dominant bias remains bearish while the Nasdaq trades below $25,400.
A break and hold below $24,900 would likely accelerate losses toward $24,500, with scope to extend toward the $24,000 support zone.
Bullish Scenario (Alternative)
A recovery above $25,400 would be the first sign of short-term stabilization, allowing for a corrective move toward:
- $25,650
- $26,000, which must be reclaimed to neutralize bearish pressure
Until then, upside moves are expected to remain corrective in nature.
Outlook
The Nasdaq 100 is trading within a bearish technical structure, with sellers maintaining control after repeated failures to reclaim key resistance levels. While short-term consolidation is possible near $24,900, the overall outlook remains negative unless price can reclaim and hold above $25,400. A decisive break below $24,900 would likely expose deeper downside toward major daily support zones.
