Nasdaq 100 | Technical Outlook
Market Overview
The Nasdaq 100 index remains in a medium- to long-term bullish structure, supported by higher highs and higher lows on the daily timeframe. After a corrective pullback earlier in December, price has rebounded strongly, reclaiming key moving averages and returning to the upper part of the recent range.
On lower timeframes, momentum has turned constructive, suggesting that buyers are attempting to resume the broader uptrend rather than forming a simple corrective bounce.
Key Resistance Levels
The index is currently pressing into an important resistance zone:
25,480 – 25,600
This area aligns with:
- Prior H4 and daily supply
- Recent rejection highs
- Psychological round-number resistance
A clean break and sustained hold above 25,600 would likely open the door toward:
- 25,900
- 26,200 (upper daily extension)
Rejection from this zone could trigger short-term consolidation.
Key Support Levels
Immediate support is located at:
25,200 – 25,050
This zone represents:
- Prior breakout structure
- Rising short-term moving averages
- Intraday demand
If price fails to hold above 25,050, downside risk increases toward:
- 24,700
- 24,300 (major H4 support)
A break below 24,300 would weaken the bullish structure and shift the bias to neutral.
Expectations
Bullish Scenario (Trend Continuation – Preferred Above Support)
As long as price holds above 25,050 and continues to respect rising averages, the index may push higher toward:
- 25,600
- 25,900
This scenario favors pullback-buying rather than chasing breakouts.
Bearish Scenario (Corrective Pullback)
Failure to break above 25,600, followed by a drop below 25,050, would likely lead to a deeper retracement toward:
- 24,700
- 24,300
Such a move would still be considered corrective unless daily structure breaks.
Overall Outlook
The Nasdaq 100 remains structurally bullish on higher timeframes, with recent price action signaling renewed upside momentum. While short-term resistance may slow advances, dips into support are likely to attract buyers.
As long as price holds above 25,050, the broader bias remains bullish, with upside continuation favored over deep downside scenarios.
