Nasdaq 100 | Technical Outlook
Market Overview
The Nasdaq 100 is currently trading in a recovery phase after a sharp selloff, with price stabilizing above a key short-term support zone. The recent rebound suggests that selling pressure has eased, but the index has not yet confirmed a full bullish reversal.
Price action shows higher lows on lower timeframes, indicating improving short-term momentum. However, the broader structure remains neutral-to-cautious while the index trades below major resistance.
Key Resistance Levels
The index is facing a critical resistance zone at:
25,180 – 25,260
This area represents:
- A prior breakdown zone
- Confluence with descending short-term moving averages
- A level where sellers previously regained control
A clear break and sustained hold above 25,260 would signal:
- Continuation of the recovery toward 25,450
- Potential extension toward 25,700 if momentum strengthens
As long as price remains below this zone, upside moves are considered corrective rather than trend changing.
Key Support Levels
Immediate support is located at:
24,950 – 24,900
This zone has acted as a short-term demand area, where buyers have repeatedly defended price.
If this support fails, downside risk increases toward:
- 24,650
- 24,300 (key H4 structure support)
A decisive break below 24,900 would shift the outlook back to bearish continuation.
Expectations
Bullish Scenario (Recovery Continuation)
If price holds above 24,900 and breaks above 25,260, the index could extend higher toward:
- 25,450
- 25,700
This scenario requires sustained closes above resistance and improving momentum.
Bearish Scenario (Failure at Resistance)
If price fails to reclaim 25,260 and breaks back below 24,900, selling pressure may resume toward:
- 24,650
- 24,300
This remains the preferred scenario while price trades below key resistance.
Overall Outlook
The Nasdaq 100 is attempting to stabilize after a strong downside move, with early signs of short-term recovery. However, the index has not yet confirmed a bullish trend reversal.
Price action around 24,900 support and 25,260 resistances will be decisive. Until a breakout occurs, the market is likely to remain range-bound with a cautious bias.
