Market Structure

The short-term market structure remains bearish, with price trading below previous swing highs and failing to establish a sustained reversal.

Key Resistance

First Resistance: 28,450–28,600
This is the nearest supply zone where recent selling pressure accelerated.

Second Resistance: 29,000–29,200
A break above this area would invalidate the current bearish sequence and improve the medium-term outlook.

Key Support

First Support: 27,450–27,600
The recent swing low remains the first major support for buyers.

Second Support: 27,000–27,200
If selling resumes, this area could become the next downside target.

Market Sentiment

Market sentiment remains cautiously bearish.

Although buyers have stepped in after the recent selloff, the overall trend still favors sellers until higher highs begin to form. A confirmed recovery above resistance would improve confidence, while failure to sustain the rebound could trigger another wave of selling.

Please share your view below:

Will the Nasdaq 100 build a stronger recovery from its current support? Or will sellers regain control and extend the broader downtrend?

More market structure and key level updates will be shared regularly.