Nasdaq 100 | Daily Technical Outlook
Market Structure
The Nasdaq 100 remains within a broader medium-term bullish structure; however, recent price action reflects a clear loss of upside momentum. After printing fresh highs near the 26,000 regions, the index faced aggressive selling pressure, triggering a corrective pullback.
On the daily timeframe, price is now consolidating around the 24,700 – 24,800 zone, trading below short-term moving averages while the 200-period average continues to flatten. The structure has shifted from impulsive bullish expansion to a corrective phase with lower highs forming on lower timeframes (H1 & H4), signaling short-term bearish pressure within a broader uptrend.
Key Resistance Zone
The nearest resistance is located at 24,950 – 25,100, where recent recovery attempts stalled.
Additional resistance levels:
- 25,400 – 25,500 (intraday supply zone)
- 25,900 – 26,100 (major swing high & rejection zone)
As long as the index remains below 25,100, upside attempts are likely to face renewed selling pressure.
Key Support Zone
Immediate support sits at 24,600 – 24,700, where price is currently attempting to stabilize.
A confirmed breakdown below 24,600 would expose deeper downside targets:
- 24,300
- 23,900 – 24,000 (major structural support on H4/Daily)
A loss of 23,900 would signal a broader corrective extension within the higher timeframe structure.
Expectations
Bearish Scenario (Primary)
Momentum currently favors further downside while price remains below 25,100.
A break beneath 24,600 would likely accelerate selling toward 24,300, with potential extension toward 24,000.
Bullish Scenario (Alternative)
A recovery above 25,100 would be the first sign of renewed bullish control, opening the path toward:
- 25,500
- 26,000 (major resistance and prior high)
Sustained trading above 26,000 would reestablish full bullish momentum.
Outlook
The Nasdaq 100 is in a corrective phase following its recent peak. While the broader structure remains constructive, short-term momentum favors the downside unless buyers reclaim 25,100. A decisive break below 24,600 could extend the pullback toward deeper support zones before any meaningful recovery attempt emerges.
