NASDAQ 100 | Technical Outlook
NASDAQ 100 Prices Fell: Market Structure
The NASDAQ 100 prices fell as the index remained under pressure after failing to reclaim the 28,500 resistance area. The M15 timeframe shows sellers maintaining short-term control, with price consolidating near intraday lows while trading below the short-term moving averages. The H1 chart also confirms persistent bearish momentum after the latest rejection from the recovery attempt.
On the H4 timeframe, the Nasdaq remains within a broader corrective structure after losing momentum below 29,000. Despite several rebound attempts, the index continues to trade beneath key moving averages, suggesting that sellers still control the medium-term trend. Meanwhile, the daily timeframe remains cautiously bearish, with price holding near a major support zone around 28,450, where buyers must step in to prevent a deeper decline.
Key Resistance Zone
Immediate resistance is located at 28,500 – 28,700, supported by:
- H1 and H4 moving averages
- Previous intraday breakdown zone
- Short-term supply area
A confirmed breakout above this zone could expose:
- 28,900
- 29,150 (major H4 resistance)
As long as the NASDAQ 100 remains below 28,700, upside momentum is likely to remain limited.
Key Support Zone
Immediate support is seen at 28,450 – 28,300, where buyers are attempting to stabilize the recent decline.
A breakdown below this level would expose:
- 28,100
- 27,900 (major daily support)
A sustained move below 27,900 would invalidate the current recovery attempt and reinforce the broader bearish outlook.
NASDAQ 100 Prices Fell: Expectations
Bullish Scenario (Alternative Recovery)
If the index holds above 28,450, buyers could regain short-term momentum.
A breakout above 28,700 could trigger:
- A recovery toward 28,900
- An extension toward 29,150
Bullish momentum would strengthen if price reclaims the H1 and H4 moving averages.
Bearish Scenario (Primary)
If sellers maintain control below 28,450, downside pressure could accelerate.
This could result in:
- A decline toward 28,100
- A move toward 27,900
A sustained break below 27,900 would reinforce the broader bearish correction.
Outlook
NASDAQ 100 prices fell after another rejection from the 28,500 resistance area, leaving the index under renewed short-term selling pressure. Although price is attempting to stabilize near a key support zone, the broader technical picture remains tilted to the downside while trading below the major moving averages.
Failure to hold above 28,450 could expose 28,100 and 27,900, while a successful recovery above 28,700 would improve sentiment and increase the probability of a move toward 28,900 and 29,150.
