NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 continues to trade within a broader bullish structure on the higher timeframes, but recent price action shows clear signs of fatigue and short-term bearish pressure.
Following a steady climb toward 25,750 – 25,800, the index failed to sustain upward momentum. Sellers have re-entered the market aggressively, producing a sequence of intraday lower highs and lower lows, especially visible on M15 and H1.
On H4, NASDAQ 100 shows a rounding top formation, signaling that bullish momentum is cooling. Despite this, the broader trend remains bullish as long as price holds above major support layers.
Key Resistance Zones
NASDAQ 100 currently faces strong overhead resistance at:
- 25,720 – 25,780 (short-term rejection zone, visible on H1 & H4)
- 25,850 – 25,900 (major breakout resistance)
- 26,050 (upper bullish target from Daily trend)
A breakout above 25,900 would likely restore bullish control and reopen the path toward 26,100 – 26,250.
Key Support Zones
The index is now pulling back into important support layers:
- 25,620 (intraday support)
- 25,500 – 25,540 (strong technical demand on H4)
- 25,300 (major structural support on Daily)
A break below 25,500 would represent a short-term structural shift and increase bearish pressure toward:
- 25,300
- 25,080
Expectations
Bullish Scenario (Still Valid but Weakening)
Bullish continuation remains possible only if price holds above 25,500.
Upside targets on a rebound:
- 25,720
- 25,780
- 25,850 – 25,900
A close above 25,900 may trigger acceleration toward higher daily targets.
Bearish Scenario (Increasing Probability)
If selling pressure deepens and price breaks below 25,500, the next targets become:
- 25,300
- 25,080
- 24,900 (extended downside target)
The current intraday structure favors short-term pullbacks rather than immediate bullish continuation.
Outlook
NASDAQ 100 remains in a macro bullish trend, but momentum is clearly fading as the index trades under near-term pressure. Bears are gaining control on the intraday charts while buyers attempt to defend the 25,500 zone.
- A breakout above 25,780 is needed to revive bullish momentum.
- A break below 25,500 opens the door for a sharper correction.
The market is awaiting catalysts, including US tech earnings tone, inflation expectations, and Treasury yield movements, to define the next major move.
