NASDAQ 100 | Daily Technical Outlook
Market Structure
The NASDAQ 100 remains within a broader bullish trend, but recent price action signals a short-term corrective phase following a sharp volatility-driven selloff. The aggressive drop broke below short-term support levels, confirming a temporary shift in momentum as sellers stepped in after the latest highs.
While the higher-timeframe structure still favors buyers, the near-term price behavior reflects hesitation and consolidation as the index digests recent gains.
Key Resistance Zone
Immediate resistance is located around 25,700 – 25,800, the zone created by the recent breakdown and failed recovery attempts. Any rebound into this area is likely to encounter selling pressure.
Additional resistance levels:
- 26,000
- 26,200 – 26,300 (major bullish continuation zone)
As long as price remains below 25,800, upside attempts are likely to remain corrective.
Key Support Zone
Initial support is found around 25,450 – 25,500, where price is currently attempting to stabilize after the sharp drop.
A breakdown below this zone would expose lower support levels:
- 25,100
- 24,800 – 24,900 (major structural support)
A sustained break below 24,800 would signal a deeper corrective move within the broader uptrend.
Expectations
Bearish Scenario (Primary)
In the near term, downside risk remains elevated while the NASDAQ 100 trades below 25,800. A break below 25,450 could extend losses toward 25,100 and potentially the 24,800 zone.
Bullish Scenario (Alternative)
Stabilization above 25,500 followed by a reclaim of 25,800 would signal improving momentum, opening the door for a recovery toward 26,000 and higher.
Outlook
The NASDAQ 100 is undergoing a short-term correction within a broader bullish structure. While long-term momentum remains constructive, near-term price action favors consolidation or further downside unless key resistance levels are reclaimed. Traders should closely monitor behavior around 25,500 for clues on whether buyers can regain control.
