NASDAQ 100 | Daily Technical Outlook
Market Structure
The Nasdaq 100 remains under corrective pressure after failing to sustain its latest rebound. Following the sharp rejection from the 26,000 – 26,300 regions, price rotated lower and is now trading back near the 24,700 – 24,800 area, which previously acted as a key pivot zone.
On the daily timeframe, the broader structure is shifting from bullish expansion into a corrective phase, with lower highs forming beneath the recent peak. Momentum has clearly cooled, and the index is attempting to stabilize above a key medium-term support level.
Key Resistance Zone
The nearest resistance stands at 24,900 – 25,200, where recent rebounds stalled and short-term moving averages are converging.
Additional resistance levels:
- 25,600
- 26,000 – 26,300 (major rejection zone and recent swing high)
As long as the Nasdaq 100 trades below 25,200, upside remains corrective in nature.
Key Support Zone
Immediate support is located at 24,600 – 24,700, a critical pivot area currently holding price action.
A breakdown below 24,600 would expose lower downside targets:
- 24,200
- 23,800 – 24,000 (major structural support zone)
A sustained move below 23,800 would confirm a deeper medium-term correction.
Expectations
Bearish Scenario (Primary)
The structure favors continued downside pressure while price remains below 25,200.
If 24,600 breaks decisively, the index may accelerate toward 24,200, with potential extension toward the 23,800 regions.
Bullish Scenario (Alternative)
A sustained recovery above 25,200 would signal renewed buying interest and open the path toward:
- 25,600
- 26,000 – 26,300
Reclaiming 26,300 would be required to reestablish a stronger bullish trend structure.
Outlook
The Nasdaq 100 is trading at a key decision zone. While long-term structure remains constructive, short-term momentum favors consolidation to the downside. A break below 24,600 could trigger deeper corrective pressure, whereas reclaiming 25,200 would be the first signal of renewed bullish strength.
