NASDAQ 100 | Technical Outlook
Market Overview
The NASDAQ 100 remains in a broader bullish structure on the daily timeframe, but short-term price action shows corrective behavior following a recent pullback from highs. The index has rebounded from a sharp selloff and is now attempting to stabilize, suggesting the market is transitioning into a consolidation phase rather than a fresh impulsive move.
Momentum has improved on lower timeframes, but price is still trading near a key inflection zone, making the current advance vulnerable to rejection if bullish follow-through weakens.
Key Resistance Levels
The index is currently facing resistance at:
$25,150 – $25,300
This resistance zone is reinforced by:
- Prior intraday supply
- Recent rejection highs
- Short-term moving average congestion
A confirmed break and hold above $25,300 would signal renewed bullish strength and open the door toward:
- $25,750
- $26,200 (major daily resistance / prior highs)
As long as price remains below this zone, upside moves should be treated as corrective rallies.
Key Support Levels
Immediate support is located at:
$24,900 – $24,750
This area represents:
- Recent pullback base
- Short-term demand zone
- Rising intraday structure support
A breakdown below $24,750 would expose the index to deeper downside toward:
- $24,300
- $23,900 (key daily trend support)
A clean daily close below $24,750 would weaken the bullish outlook and confirm broader consolidation.
Expectations
Bullish Scenario (Continuation Attempt)
If price holds above $24,750 and breaks decisively above $25,300, the index could extend higher toward:
- $25,750
- $26,200
This scenario requires strong momentum and acceptance above resistance.
Bearish Scenario (Pullback Risk – Active Below Resistance)
Failure to reclaim $25,300, followed by a breakdown below $24,750, would likely trigger renewed selling pressure toward:
- $24,300
- $23,900
This remains the preferred risk scenario while price trades below resistance.
Overall Outlook
The NASDAQ 100 remains structurally bullish on the higher timeframe, but short-term price action reflects a corrective recovery rather than a confirmed continuation.
Price behavior between $24,750 support and $25,300 resistance will determine the next directional move. Until a clear breakout occurs, the market is likely to remain range-bound with elevated volatility.
