Nasdaq 100 | Technical Outlook
Market Structure
Nasdaq 100 remains in a broader bullish continuation, supported by a strong impulsive leg that pushed price into fresh highs before profit-taking triggered a controlled pullback. On the lower timeframes, momentum has cooled as price rotates below the recent peak, but the structure still favors buyers as long as pullbacks hold above the prior breakout base. The latest price action shows consolidation/soft retracement around 26,140, suggesting the market is attempting to stabilize after the recent extension.
Key Resistance Zone
The nearest resistance is located at 26,180 – 26,220, aligned with the recent intraday peak and the area where momentum faded. Any rebound into this zone is likely to meet supply first.
Additional resistance levels:
• 26,300 – 26,320 (major swing high / extension cap)
• 26,500 (next upside projection if highs break cleanly)
As long as price remains below 26,220, upside attempts may stay corrective rather than trend-continuation.
Key Support Zone
Immediate support sits at 26,120 – 26,140, where price is currently compressing and attempting to base. This zone is critical for keeping the short-term bullish structure intact.
A breakdown below 26,120 would expose deeper supports:
• 26,000 – 26,020 (psychological + structure support)
• 25,880 – 25,920 (prior consolidation / breakout platform)
A clean loss of 25,880 would weaken the bullish leg and shift structure toward a deeper correction.
Expectations
Bullish Scenario (Primary)
If 26,120 – 26,140 holds, Nasdaq 100 can rebuild upside pressure and rotate back toward 26,180 – 26,220. A decisive break above 26,220 would open the door toward 26,300 – 26,320, with continuation potential beyond if momentum expands.
Bearish Scenario (Alternative)
If price fails to hold 26,120, expect sellers to press the index toward 26,000 – 26,020. A breakdown there would likely extend the correction into 25,880 – 25,920, where buyers must defend to prevent a broader trend deterioration.
Outlook
Nasdaq 100 remains structurally bullish on higher timeframes, but the short-term tape is in a corrective phase after an extended rally. The key inflection is 26,120 – 26,140: holding keeps the bullish continuation bias intact, while a break below it increases the probability of a deeper pullback toward 26,000 and 25,900.
