NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 is trading in a corrective phase after a sharp selloff from recent highs. The index rebounded from last week’s lows, but the recovery remains corrective rather than impulsive, indicating that sellers are still active on higher levels. Overall structure shows a broader uptrend on the daily chart, while short-term price action reflects hesitation and range-bound behavior below key resistance.
Key Resistance Zone
Immediate resistance is located around 25,100 – 25,250, where the index previously broke down and where multiple timeframes show selling pressure.
Additional resistance levels:
- 25,450
- 25,700 – 25,850 (major supply zone near recent highs)
As long as price remains below 25,250, upside attempts are likely to face renewed selling.
Key Support Zone
Primary support is holding near 24,900 – 24,800, a zone that has acted as a demand area on both H1 and H4 timeframes.
A break below this zone would expose deeper downside levels:
- 24,500
- 24,200 – 24,000 (major structural support)
Failure to hold 24,800 would weaken the broader bullish structure.
Expectations
Bearish Scenario (Alternative)
If the index fails to reclaim 25,250, downside pressure may resume. A break below 24,800 would likely accelerate losses toward 24,500, with potential extension to 24,000.
Bullish Scenario (Primary)
Holding above 24,800 keeps the broader bullish structure intact. A sustained move above 25,250 would open the door for a recovery toward 25,700, with 25,850 acting as a critical upside barrier.
Outlook
The NASDAQ 100 remains at a technical crossroads. While the higher-timeframe trend is still bullish, short-term momentum is neutral to cautious. Price holding above 24,800 favors stabilization and recovery attempts, while a breakdown below this level would signal a deeper corrective phase before the broader uptrend can resume.
