NASDAQ 100 | Technical Outlook
Market Structure
NASDAQ 100 is currently trading around 24,950, stabilizing after a sharp bearish move that followed a failed bullish continuation from higher levels. Price recently dropped aggressively from the 25,200 – 25,300 region before finding support near 24,750, triggering a strong rebound toward current levels.
The recovery from the 24,750 zone toward 25,000 reflects a corrective bullish phase within a broader mixed structure, as price attempts to reclaim ground but still trades below a key resistance area.
Key Resistance Zone
Immediate resistance is located at 25,100 – 25,300, supported by:
- Recent H1 supply zone
- Prior breakdown structure
- Confluence with short-term moving averages
A breakout above this zone could lead to:
- 25,500
- 25,800
As long as price remains below 25,300, upside momentum may remain limited.
Key Support Zone
Immediate support is seen at 24,750 – 24,500, where price recently found demand.
A breakdown below this level would expose:
- 24,200
- 23,800 (next major demand zone)
A sustained move below 24,500 would shift the structure back to bearish.
Expectations
Bullish Scenario (Alternative)
If price holds above 24,750, buyers may attempt to extend the recovery.
A breakout above 25,300 could trigger:
- A move toward 25,500
- Extension toward 25,800
Momentum is recovering but requires confirmation.
Bearish Scenario (Primary)
Failure to break resistance is likely to result in renewed selling pressure.
This could lead to:
- A move back toward 24,750
- A deeper decline toward 24,500 and 24,200
A break below 24,500 would confirm bearish continuation.
Outlook
NASDAQ 100 remains in a corrective recovery phase following a sharp sell-off, with price attempting to stabilize near 25,000. While short-term momentum is improving, the index is still capped below a key resistance zone.
Unless 25,300 is reclaimed, the broader structure remains vulnerable to further downside pressure, keeping the near-term outlook cautiously bearish.
