Nasdaq 100 | Daily Technical Outlook
Market Structure
Nasdaq 100 is showing a bullish recovery after failing to extend its previous bearish phase. Price action reflects a shift in momentum as buyers regain control following the recent decline.
The impulsive move from the $23,000 – $23,200 region has pushed the index higher toward the $24,200 – $24,300 area, where it is currently testing a key resistance zone.
Key Resistance Zone
The immediate resistance is located at $24,200 – $24,300, a critical level aligned with recent highs and supply pressure. A breakout above this zone would confirm further upside continuation.
Additional resistance levels:
- $24,600
- $25,000 (major resistance zone)
As long as price remains below $24,300, bullish continuation may face limitations.
Key Support Zone
Immediate support lies at $23,800 – $24,000, acting as a short-term consolidation base.
A break below this area could expose further downside levels:
- $23,500
- $23,000 – $23,200 (major support zone)
Holding above $23,800 is key to maintaining the current bullish structure.
Expectations
Bullish Scenario (Primary)
If price holds above $23,800, US100 may attempt to break above $24,300, targeting:
- $24,600
- $25,000
Bearish Scenario (Alternative)
Failure to break above $24,300 could trigger a pullback toward $23,800, and a breakdown may extend losses toward:
- $23,500
- $23,000
Outlook
US100 is recovering with improving bullish momentum, but price is approaching a key resistance zone. A confirmed breakout above $24,300 would strengthen the bullish outlook, while rejection could lead to a short-term corrective move.
