Eseandre Mordi
The NASDAQ index is caught in a tight horizontal range around the 25,000 mark, sitting right between the Fibonacci 0.5 and 0.618 retracement levels after a sharp recovery. With RSI flat at 50 and volume pulling back, the market looks like it is pausing rather than picking a direction. But a compressed market rarely stays quiet for long.
Bollinger Bands Narrow as 25,000 Becomes a Battleground
The 25,000 zone is not a random number. It lines up with a major volume concentration area where buyers and sellers have been fighting for control. The Point of Control sits at 25,052, making this region one of the highest-liquidity zones on the chart. Bollinger Bands are visibly tightening, which historically signals that a significant move is approaching once the range breaks.
Parabolic SAR dots are still printing above price, keeping short-term pressure tilted to the downside. Volume delta confirms this, showing a slight lean toward selling. Key support is clustered around 24,987, 24,890, and 24,697, while resistance sits at 25,025, 25,133, and 25,583.
RSI at 50 Confirms Neutral Ground Before Next Directional Move
The Relative Strength Index reading of exactly 50 is about as neutral as it gets. Neither bulls nor bears are in control. This mirrors patterns seen in recent sessions, including when the index tested 25,000 resistance after bouncing off 24,500, and earlier when price held near 24,790 after pulling back from 25,100. Each time, the index eventually resolved the range with a sharp directional move.
Outside the chart, macro forces are still shaping sentiment. Interest rate expectations, energy prices, and geopolitical developments can shift momentum fast in tech-heavy indices. As long as the US100 stays compressed around 25,000, traders are watching for the catalyst that finally forces a decision.
Eseandre Mordi
