Nasdaq 100 | Technical Outlook
Market Overview
The Nasdaq 100 remains volatile following yesterday’s major market reaction, with price action reflecting shifting sentiment after the initial surge. After pushing higher earlier, the index faced renewed selling pressure, leading to a pullback and stabilization near a key intraday support zone.
Despite the recent dip, the broader structure across H4 and Daily charts remains constructive. The current price behavior suggests consolidation rather than a trend reversal, as buyers and sellers reassess direction after heightened volatility.
Key Resistance Levels
The Nasdaq is now trading below an important resistance area:
25,700 – 25,850
This zone has repeatedly capped upside attempts and remains the key level buyers must reclaim to restore bullish momentum.
A confirmed breakout above 25,850 could open the door toward:
- 26,050
- 26,300 (major upside target)
Failure to break this resistance may keep the index locked in a corrective range.
Key Support Levels
Immediate support is located at:
25,500 – 25,350
This area has acted as a demand zone during recent pullbacks and is currently holding price.
If this support fails, the next downside levels to watch are:
- 25,100
- 24,850 (major structural support on H4 and Daily)
Holding above 25,350 keeps the broader bullish structure intact.
Expectations
Bullish Scenario (Primary Outlook)
As long as price remains above 25,350, the Nasdaq may attempt another recovery phase.
A breakout above 25,850 would likely trigger renewed upside momentum toward:
- 26,050
- 26,300
This scenario aligns with the broader uptrend still visible on higher timeframes.
Bearish Scenario (Alternative)
A sustained break below 25,350 would indicate weakening momentum and could lead to a deeper correction toward:
- 25,100
- 24,850
This would signal that sellers are regaining short-term control.
Overall Outlook
The Nasdaq 100 is currently in a consolidation phase following yesterday’s sharp market reaction. While short-term pressure persists, the broader trend remains cautiously bullish as long as key support levels hold. The next directional move will depend on whether price can reclaim resistance or breaks below current support.
