NASDAQ 100 | Technical Analysis
Market Structure
The NASDAQ 100 remains in a broader bullish structure on the daily timeframe, characterized by higher highs and higher lows. However, recent price action shows a sharp corrective pullback from record highs, transitioning the market into a short-term corrective phase.
Lower timeframes (M15–H1) indicate a relief rebound, but momentum remains corrective rather than impulsive, suggesting the move is currently a retracement within a larger trend.
Key Resistance Zone
- 25340 – 25400
This zone represents a confluence of prior intraday structure and dynamic resistance from short- and medium-term moving averages. Price is currently consolidating below this area, and failure to reclaim it decisively would keep downside risks active.
Key Support Zone
- 25090 – 25150
This area acted as a short-term swing base following the selloff and remains the immediate support. A sustained hold above this zone maintains the corrective rebound scenario, while a breakdown would expose deeper downside.
Expectations
Bullish Scenario:
If price holds above the 25090–25150 support and breaks above 25400 with strong follow-through, the index could extend the recovery toward higher resistance levels, resuming alignment with the broader bullish trend.
Bearish Scenario:
Failure to clear resistance, followed by a breakdown below 25090, would confirm the rebound as corrective only, opening the door for a continuation lower toward deeper daily support zones.
Outlook
Overall bias remains constructively bullish on the higher timeframe, but short-term price action is corrective and fragile. Traders should monitor price behavior around resistance closely, as rejection signals would favor renewed downside pressure, while acceptance above resistance would shift momentum back in favor of the bulls.
