NASDAQ 100 (US100) Analysis - March 31, 2025
Trend & Structure
The chart shows a strong bearish breakdown from a rising wedge pattern, which is typically a bearish reversal formation.
After a sharp decline from all-time highs, price is breaking below key support at 19,921.
The next major support zone is highlighted in purple, around 18,000 - 17,600, which served as a base for the last rally in mid-2024.
Volume Analysis
The volume is increasing on the decline, which confirms strong selling pressure.
If price enters the purple zone, we could see a reaction (either consolidation or bounce).
Key Levels to Watch
Resistance Levels:
19,921 (previous support, now resistance)
20,532 (higher resistance level if a pullback occurs)
Support Levels:
18,800 (current level) - slight reaction zone
18,000 - 17,600 (strong demand zone)
Potential Scenarios
Bearish Continuation: If sellers remain in control, price could fall further into the 18,000 - 17,600 zone, where a potential rebound may occur.
Short-term Pullback: A retracement back to 19,921 (previous support turned resistance) before continuing lower.
Conclusion
Trend is bearish, and further downside is likely unless buyers step in at the highlighted demand zone.
Traders should watch for price action at 18,000 - 17,600 to see if buyers defend this area.
Short-term rallies could be selling opportunities unless price reclaims 19,921.
Trend & Structure
The chart shows a strong bearish breakdown from a rising wedge pattern, which is typically a bearish reversal formation.
After a sharp decline from all-time highs, price is breaking below key support at 19,921.
The next major support zone is highlighted in purple, around 18,000 - 17,600, which served as a base for the last rally in mid-2024.
Volume Analysis
The volume is increasing on the decline, which confirms strong selling pressure.
If price enters the purple zone, we could see a reaction (either consolidation or bounce).
Key Levels to Watch
Resistance Levels:
19,921 (previous support, now resistance)
20,532 (higher resistance level if a pullback occurs)
Support Levels:
18,800 (current level) - slight reaction zone
18,000 - 17,600 (strong demand zone)
Potential Scenarios
Bearish Continuation: If sellers remain in control, price could fall further into the 18,000 - 17,600 zone, where a potential rebound may occur.
Short-term Pullback: A retracement back to 19,921 (previous support turned resistance) before continuing lower.
Conclusion
Trend is bearish, and further downside is likely unless buyers step in at the highlighted demand zone.
Traders should watch for price action at 18,000 - 17,600 to see if buyers defend this area.
Short-term rallies could be selling opportunities unless price reclaims 19,921.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.