NASDAQ 100 | Daily Technical Outlook
Market Structure
NASDAQ 100 has shifted back into a bearish phase after breaking below the 24,500-support zone, confirming renewed downside pressure. The recent selloff reflects strong momentum from sellers, with price forming clear lower highs and lower lows across intraday timeframes.
The breakdown signals continuation of the corrective structure visible on higher timeframes. Unless the index quickly reclaims the broken support, sellers remain firmly in control.
Key Resistance Zone
Immediate resistance is located at:
24,800 – 25,000
This zone represents:
- Recent breakdown level
- Prior intraday support turned resistance
- Confluence with declining short-term moving averages
Stronger resistance stands at:
25,300 – 25,600
A sustained move above 25,000 would be required to neutralize immediate bearish pressure.
Key Support Zone
Immediate support is located at:
24,300 – 24,400
Below that, further downside opens toward:
24,000 – 24,100
A decisive break below 24,300 would likely accelerate bearish continuation toward deeper corrective levels.
Expectations
Bearish Scenario
As long as price remains below 25,000, selling pressure is expected to persist. A breakdown beneath 24,300 may expose the 24,000-region next.
Bullish Scenario
A recovery above 25,000 could trigger a corrective rebound toward 25,300. However, a structural shift would require strong higher-timeframe acceptance above 25,600.
Outlook
NASDAQ 100 remains structurally bearish following the break below 24,500. Momentum currently favors sellers, and upside attempts are likely to face resistance unless key levels are decisively reclaimed.
