NASDAQ 100 | Technical Outlook
Market Structure – NASDAQ 100 Structure
NASDAQ 100 Structure remains constructive despite the recent correction from record highs, as the index continues stabilizing above the 29,200 – 29,300 support region. The latest selloff failed to extend lower after reaching the 28,800 area, allowing buyers to regain control and push price back toward the 29,600 region.
The broader H4 and Daily structure continues reflecting the strong bullish advance that originated from the 23,000 area, although recent volatility has triggered a corrective phase beneath recent highs near 31,000. Meanwhile, H1 and M15 charts show improving short-term momentum with higher lows forming above support, suggesting that buyers are attempting to rebuild bullish pressure while testing a key resistance zone.
Key Resistance Zone
Immediate resistance is located at 29,650 – 29,900, supported by:
- Recent H1 swing highs
- H4 dynamic resistance
- Short-term supply structure
A confirmed breakout above this zone could trigger:
- 30,300
- 30,800 (major bullish continuation target)
As long as price remains below resistance, recovery attempts may continue facing profit-taking pressure.
Key Support Zone
Immediate support is seen at 29,200 – 28,900, which aligns with:
- Recent intraday lows
- Psychological support area
- H4 demand structure
A breakdown below this level would expose:
- 28,500
- 28,000 (major bearish continuation target)
Holding above support remains critical to preserve the current recovery structure.
Expectations – NASDAQ 100 Structure
Bullish Scenario (Primary)
If price remains above 29,200, buyers may continue strengthening the ongoing recovery phase.
A breakout above 29,900 could lead to:
- A rally toward 30,300
- Extension toward 30,800
The improving H1 and M15 structure currently favors additional upside attempts while support remains intact.
Bearish Scenario (Alternative)
If sellers regain control below support, the recent rebound could lose momentum quickly.
This could trigger:
- A decline toward 28,500
- Further downside toward 28,000
A sustained break below support would increase corrective pressure and delay the broader bullish trend.
Outlook – NASDAQ 100 Structure
NASDAQ 100 Structure remains supported above the 29,200 support zone despite the recent correction from all-time highs. While the broader Daily trend continues favoring buyers, the index is currently testing an important resistance cluster near 29,650 – 29,900, which will likely determine the next directional move.
A confirmed breakout above resistance would strengthen bullish continuation prospects toward higher targets, while a move back below 29,200 would increase the risk of a deeper corrective decline before the broader uptrend resumes.
