Nasdaq 100 (UT100) | Daily Technical Outlook After Yesterday’s Fed Decision
Market Structure
Yesterday’s Federal Reserve rate cut triggered strong volatility across indices, and the Nasdaq 100 was no exception. Lower rates typically support tech stocks, and we saw this clearly in the initial bullish spike, followed by profit-taking and a pullback.
Today, the Nasdaq is attempting to stabilize, but the charts show that momentum has cooled after yesterday’s surge.
Across M15, H1, H4, and Daily timeframes:
- The broader trend remains bullish, supported by the long-term uptrend structure.
- Short-term, the index is moving sideways, showing hesitation and consolidation as the market absorbs the impact of the Fed’s decision.
- Buyers stepped in after yesterday’s drop, but momentum has not returned to full strength yet.
Key Resistance Zone
The index is currently testing a major resistance area:
- 25,650 – 25,720
Yesterday’s volatile move was rejected from this region, showing strong selling pressure.
If bullish momentum returns after stabilizing from the Fed-driven volatility, the next targets will be:
- 25,820
- 25,950 – 26,050
A daily close above 25,720 confirms bullish continuation fueled by the positive sentiment from the rate cut.
Key Support Zone
The nearest support levels affected by yesterday’s movement are:
- 25,500 – 25,520 This level held firm after the Fed-induced drop and remains the key short-term floor.
- Below that:
- 25,430
- 25,300 – 25,350 (major structural support)
Holding above 25,500 shows that buyers are still defending the post-Fed bullish sentiment.
Expectations
Bullish Scenario (Favored After Rate Cut)
If markets continue responding positively to the Fed’s dovish stance:
- Nasdaq may attempt another climb toward 25,720.
- A breakout above this level opens the door for:
- 25,820,
- and extension toward 26,000+ as risk appetite increases.
The broader trend remains supportive of higher prices.
Bearish Scenario (If Yesterday’s Volatility Continues)
If the index fails to recover momentum or sellers reappear:
- Price could retest 25,500,
- and breaking below it signals deeper correction toward:
- 25,430,
- 25,300 – 25,350.
This would indicate that yesterday’s Fed reaction has transitioned from bullish spike, consolidation correction.
Outlook
Overall, the Nasdaq today reflects a market still digesting yesterday’s Federal Reserve decision.
The rate cut is supportive for tech stocks, but the charts show slowed momentum and stabilization rather than a full continuation yet.
The key question for today:
Will bullish momentum return above 25,720, or will consolidation deepen toward 25,500?
