Nasdaq 100 – Daily Technical Outlook
Market Structure
The Nasdaq 100 index has recently shifted into a corrective decline after a strong bullish advance earlier in the week. The index pushed into a local high near $25,480 – $25,520 before sharp selling pressure emerged, driving a notable intraday reversal.
Despite the drop, the broader structure remains constructive, with price still supported by the underlying uptrend visible over the past several sessions. Current behavior indicates consolidation after volatility increased.
Key Resistance Zone
The index faces its primary resistance between $25,480 and $25,520, an area that rejected price aggressively and triggered the latest sell-off.
A breakout above $25,520 would confirm renewed bullish momentum, opening the path toward:
- $25,650 (initial upside target)
- $25,780 – $25,850 (extended bullish targets)
Repeated rejection at this level may keep the index contained within a corrective range.
Key Support Zone
Support has formed around $25,200 – $25,230, where the index is currently stabilizing. Buyers have shown interest at this region, preventing deeper downside.
Additional support sits at:
- $25,050
- $24,850 – $24,900 (major structural support)
A break below $25,200 would expose lower levels and signal a more meaningful correction.
Expectations
Bullish Scenario (Primary)
If price holds above $25,200, the index may attempt another move toward $25,480 – $25,520.
A confirmed breakout above $25,520 would likely extend momentum toward $25,650, with potential continuation to $25,820.
Bearish Scenario (Alternative)
A drop below $25,200 would suggest fading bullish strength, opening the door to:
- $25,050
- $24,850 – $24,900 (major support zone)
Breaking $24,850 would place the broader bullish structure at risk.
Outlook
The Nasdaq 100 is currently consolidating after a volatile pullback from recent highs. The market bias remains cautiously bullish above $25,200, but the zone at $25,480 – $25,520 must be cleared for upside continuation. Until then, expect range-bound movement with risk of deeper correction if support levels fail.
