NASDAQ 100 | Technical Outlook
NASDAQ 100 Momentum: Market Structure
The NASDAQ 100 Momentum remains firmly bullish as the index trades near 29,040 after extending its recovery and breaking above the previous resistance around 29,000. On the M15 timeframe, buyers remain in full control, with price continuing to trade above all key short-term moving averages while printing a sequence of higher highs and higher lows.
On the H1 timeframe, the Nasdaq 100 continues to hold above the rising short-term moving averages, confirming strong buying momentum following last week’s breakout. The H4 chart also reflects a sustained recovery structure, with price reclaiming the major resistance zone near 29,000, which is now acting as support. On the daily timeframe, the index continues to recover from the July correction and is approaching the next significant resistance area, while maintaining a constructive medium-term bullish outlook.
Key Resistance Zone
Immediate resistance is located at 29,050 – 29,150, supported by:
- Recent breakout highs
- Psychological resistance
- Bullish momentum continuation zone
A confirmed breakout above this zone could expose:
- 29,350
- 29,600 (major daily resistance)
As long as NASDAQ 100 remains above 29,000, buyers are likely to maintain control.
Key Support Zone
Immediate support is located at 28,950 – 28,850, where buyers are defending the recent breakout.
A breakdown below this zone could expose:
- 28,600
- 28,300 (major H4 support)
A sustained move below 28,300 would weaken the current bullish structure and signal a deeper correction.
NASDAQ 100 Momentum: Expectations
Bullish Scenario (Primary)
If the index continues holding above 28,950, buyers may extend the current rally.
A breakout above 29,150 could trigger:
- A move toward 29,350
- Extension toward 29,600
Bullish momentum would strengthen further as long as price remains above the H1 and H4 moving averages.
Bearish Scenario (Alternative Pullback)
If sellers reject price below 29,150, a short-term correction may develop.
This could result in:
- A decline toward 28,600
- A retest of 28,300
However, the broader bullish outlook would remain intact while price stays above 28,300.
Outlook
NASDAQ 100 Momentum continues to favor buyers after the index reclaimed the key 29,000 resistance area and maintained strong upside momentum across multiple timeframes. The technical structure remains constructive as long as price trades above the recent breakout zone.
Holding above 28,950 could pave the way for a move toward 29,350 and 29,600, while a break below 28,850 would increase the probability of a corrective pullback toward 28,600 before buyers attempt to regain control.
