Nasdaq 100 | Technical Outlook
Market Structure
Nasdaq 100 is showing a corrective bullish rebound after failing to sustain its broader bearish trend. The recent buying pressure has lifted price from oversold conditions, signaling a short-term recovery within a dominant downtrend.
The impulsive move from the 22,950 – 23,100 region has pushed price higher toward 23,250, where it is currently stabilizing after reclaiming minor resistance.
Across M15 and H1, price is forming higher lows, indicating short-term strength. However, the H4 and Daily structures remain clearly bearish, with price still trading below key moving averages and within a sequence of lower highs.
Key Resistance Zone
The nearest resistance is located at 23,250 – 23,400, where price is currently testing a prior breakdown area.
Additional resistance levels:
- 23,700 – 23,900 (H4 supply zone)
- 24,200+ (major structural resistance)
Failure to break above 23,400 would likely maintain downside pressure.
Key Support Zone
Immediate support lies at 23,000 – 22,950, which aligns with the recent reaction low.
Further support levels:
- 22,700 – 22,500 (key demand zone)
- 22,000 (major psychological support)
A break below 22,950 would signal continuation of the broader bearish trend.
Expectations
Bearish Scenario (Primary)
As long as price remains below 23,400, the broader bearish structure remains intact.
A rejection from resistance followed by a break below 23,000 could push price toward 22,700, with further downside toward 22,500.
Bullish Scenario (Alternative)
A sustained move above 23,400 would strengthen the recovery, opening the door toward 23,700 – 23,900.
Further upside would require reclaiming higher timeframe structure above 24,000+.
Outlook
Nasdaq 100 is attempting a short-term recovery after a sharp decline, but the broader trend remains bearish. While buyers are stepping in near recent lows, the current move appears corrective, with sellers likely to regain control unless key resistance levels are decisively broken.
