Nasdaq 100 | Daily Technical Outlook
Market Structure
The Nasdaq 100 index has been in a steady bullish recovery over recent sessions, but price action is now showing signs of slowing momentum just below the key resistance area at $25,700.
After rebounding strongly from the $24,600 zone, UT100 climbed into a consolidation phase, forming tighter candles and weaker impulsive movements on intraday charts. Buyers remain active, but upside strength is losing steam as price struggles to break through a major technical barrier.
The broader structure remains bullish, yet the index is approaching an area where sellers have historically reacted, making the current move vulnerable to a corrective pullback.
Key Resistance Zone
The immediate resistance stands at:
- $25,700 – $25,750, a zone capping the latest advance
Additional resistance levels include: - $25,950
- $26,200
- $26,600 (major long-term resistance)
As long as UT100 remains below $25,750, upside continuation may stall.
Key Support Zone
Nearby support is located at:
- $25,400 – $25,450, the latest short-term demand area
A break below this zone opens the door to deeper pullbacks toward:
- $25,150
- $24,900
- $24,600 (major structural support)
A close below $24,600 would signal renewed bearish pressure.
Expectations
Bearish Scenario (Primary)
If the index fails to break above $25,750, expect price to retrace toward:
- $25,400
- $25,150
- Potentially $24,900 if selling pressure increases
Momentum indicators suggest early exhaustion, giving bears a chance to take control in the short term.
Bullish Scenario (Alternative)
A strong breakout above $25,750 would signal renewed bullish strength, targeting:
- $25,950
- $26,200
- $26,600 as a final extension level
Bullish continuation requires a clean, high-volume break above resistance.
Outlook
Nasdaq 100 remains technically bullish but is showing clear signs of momentum fading below a major resistance area. Until price breaks above $25,750, traders should expect sideways action or a corrective pullback.
