Nasdaq 100 | Technical Outlook
Market Structure
Nasdaq 100 is attempting a short-term recovery after failing to sustain its previous bullish phase. The sharp decline from the 24,100–24,200 region triggered an impulsive move lower, pushing price toward the 23,200–23,300 area before stabilizing and rebounding.
Across timeframes, the broader structure remains bearish, while the recent bounce appears corrective within a larger downtrend.
Key Resistance Zone
The nearest resistance is located at 23,800 – 24,100, aligning with the recent breakdown and rejection zone.
Additional resistance levels:
- 24,500
- 25,000 (major resistance on higher timeframe)
As long as price remains below 24,100, the broader bearish structure remains intact.
Key Support Zone
Immediate support lies at 23,200 – 23,000, where the recent decline found a temporary floor.
A breakdown below this zone would expose:
- 22,800
- 22,300 – 22,500 (major support zone)
Holding above 23,000 is critical to maintain the current recovery attempt.
Expectations
Bearish Scenario (Primary)
The overall trend remains bearish below 24,100.
Failure to break higher could lead to renewed selling pressure, with a move below 23,000 opening the door toward:
- 22,800
- 22,300
Bullish Scenario (Alternative)
A sustained break above 24,100 would signal stronger recovery momentum, exposing:
- 24,500
- 25,000
This would be the first sign of a potential shift in short-term structure.
Outlook
Nasdaq 100 remains under broader downside pressure despite the recent rebound, with price currently testing a key resistance zone. The bias stays bearish below 24,100, while a break below 23,000 could trigger another leg lower toward deeper support levels.
