NASDAQ 100 | Technical Outlook
Market Structure
NASDAQ 100 is attempting a sharp recovery after a heavy bearish sell-off, with price rebounding aggressively from the recent lows near the 23,500–23,700 region. The latest upside move is impulsive on the lower timeframes, reflecting a strong reaction from demand after the index became overstretched to the downside.
Despite this rebound, the broader structure on the H4 and Daily charts remains fragile. The recent decline from the 25,800–26,000 region established a clear sequence of lower highs and sustained bearish pressure. As a result, the current recovery still appears corrective unless price can reclaim higher resistance levels and break the existing bearish structure.
Key Resistance Zone
The nearest resistance is located at 24,250 – 24,400, where the current rebound is now testing a prior breakdown area.
Additional resistance levels:
24,600 – 24,800 (H4 supply zone)
25,000+ (major structural resistance)
As long as price remains below 24,400, bearish pressure is likely to persist.
Key Support Zone
Immediate support lies at 23,800 – 24,000, where the recent rebound structure began to form.
A breakdown below this zone would expose further downside targets:
23,500
23,200 – 23,300 (major structural support)
A sustained move below 23,200 would confirm continuation of the broader bearish trend.
Expectations
Bearish Scenario (Primary)
The broader structure remains tilted to the downside while price trades below 24,400.
A rejection from current levels followed by a break below 23,800 would likely trigger renewed selling toward 23,500, with potential extension toward 23,200.
Bullish Scenario (Alternative)
A sustained move above 24,400 would signal stronger recovery potential, opening the door toward:
24,600 – 24,800
25,000+ if bullish momentum strengthens
However, a broader reversal requires reclaiming higher timeframe structure.
Outlook
The NASDAQ 100 is staging a strong short-term rebound after an aggressive sell-off, but the broader technical structure remains under pressure. While buyers have regained short-term momentum, the recovery still needs confirmation above key resistance levels before a more durable bullish shift can be considered.
