NAS100 | Daily Technical Outlook
Market Structure
Nasdaq 100 is showing a strong bullish recovery after failing to sustain its prior bearish phase, with price reclaiming key resistance levels and shifting short-term momentum higher. The recent upside move reflects renewed buying interest following a sharp corrective decline.
The impulsive rally from the 23,200 – 23,400 area pushed price aggressively higher toward 24,200, where it is currently testing resistance and stabilizing.
Key Resistance Zone
The nearest resistance is located at 24,200 – 24,300, marking a key supply zone and recent reaction high.
Additional resistance levels:
- 24,600
- 25,000 (major resistance zone)
As long as price remains below 24,300, upside continuation may face pressure.
Key Support Zone
Immediate support is seen around 23,900 – 24,000, aligning with the recent breakout structure.
A break below this level exposes:
- 23,600
- 23,200 – 23,400 (major structural support)
A move below 23,200 would weaken the bullish recovery.
Expectations
Bullish Scenario (Primary)
Holding above 23,900 supports continued upside potential.
A break above 24,300 could extend gains toward:
- 24,600
- 25,000
Bearish Scenario (Alternative)
Failure to hold 23,900 may trigger a corrective pullback.
A break below 23,600 could lead to further downside toward 23,200.
Outlook
Nasdaq 100 is attempting to build bullish momentum after a strong recovery from recent lows. However, price is now testing a key resistance zone near 24,200, and a confirmed breakout is needed to sustain the upward move. Holding above 23,900 keeps the bullish outlook intact, while a breakdown below this level may shift momentum back to the downside.
