NASDAQ 100 Technical Outlook
Market Overview
The NASDAQ 100 is currently in a post-selloff stabilization phase following a sharp bearish move that broke short-term bullish structure. After the impulsive decline, price action has slowed and transitioned into consolidation, suggesting that selling pressure has eased for now.
While buyers are attempting to defend recent lows, the rebound remains corrective rather than impulsive, indicating that the broader short-term bias is still fragile. The index needs to reclaim key resistance levels to confirm a meaningful recovery.
Key Resistance Levels
The index is facing notable overhead pressure around:
- 24,820 – 24,900
This resistance zone aligns with:
- The breakdown area from the sharp selloff
- Short-term moving averages acting as dynamic resistance
A sustained break and hold above this zone would open the door for:
- A move toward 25,150
- Extension to 25,400 if momentum improves
As long as price trades below this area, upside moves are likely to remain corrective.
Key Support Levels
Immediate support is holding around:
- 24,650 – 24,600
This zone has acted as a short-term base where buyers have stepped in repeatedly.
If this support fails, downside risk increases toward:
- 24,400
- 24,200, a more significant structure support on higher timeframes
A clean break below 24,600 would signal renewed bearish continuation.
Expectations
Bullish Scenario (Stabilization & Recovery)
If the index holds above 24,600 and breaks above 24,900, price could shift into a recovery phase targeting:
- 25,150
- 25,400
This scenario requires stronger momentum and consistent closes above resistance.
Bearish Scenario (Continuation Risk)
Failure to reclaim 24,900 followed by a breakdown below 24,600 would likely resume selling pressure toward:
- 24,400
- 24,200
This remains the preferred scenario while price remains capped below resistance.
Overall Outlook
The Nasdaq 100 is not moving sideways in a neutral range but rather consolidating after a strong bearish impulse. The structure favors caution, with price trapped between well-defined support and resistance.
Direction will be determined by a breakout from this consolidation zone. Until then, the index is likely to remain range-bound with a bearish-to-neutral bias.
