Alex Dudov
The Nasdaq has been stuck in a tight range for several sessions now, unable to make a clean move in either direction. With resistance holding firm at 25,100 and support sitting below at 24,650, the index is caught between two key levels while traders wait for a clearer signal from the broader market.
Nasdaq Fails to Clear 25,100 Resistance
The US100 pushed into the 24,950-25,100 zone on the 1-hour chart but ran into steady selling pressure near the top of that band, leaving price hovering around 24,980. The short-term outlook looks flat to slightly weak, with no real sign of a clean breakout above this upper boundary. Price has been compressing around these levels without finding the momentum to break either way. This consolidation mirrors what was seen in NASDAQ Price Analysis: Index Tests Key 25,000 Resistance After Rebound, where the index faced a similar wall near a comparable resistance range.
The 25,100 level continues to act as a firm cap on near-term upside. Support sits at 24,850, with a more important floor near 24,650. A clean break below that level would likely open the door to fresh selling and deeper losses. Volume Profile data places the balance zone around 24,770, meaning buyers and sellers are still negotiating within this established band with no clear winner yet.
Indicators Point to Indecision, Not Breakout
Momentum reads remain neutral. RSI is sitting in the middle of its range with no strong push from either bulls or bears. Volume picked up during recent rallies but faded before price could push through resistance. Volume Delta is balanced, reflecting no dominant buying flow capable of forcing a real breakout. Bollinger Bands are contracting and pulling back from the upper band, while Parabolic SAR dots above price signal that short-term pressure is still present. After failing to clear 25,100, US100 pulled back and settled near 24,790, reinforcing the current horizontal bias - as covered in Nasdaq Holds Near 24,790 After Pullback From 25,100.
The broader picture is a market that simply isn't ready to pick a direction. U.S. Treasury yield swings and shifting rate expectations are keeping participants cautious. A decisive close above 25,100 would signal a new phase for the Nasdaq's short-term trend, while a drop through the 24,650 support cluster could re-energize sellers. Until one of those levels breaks, the index looks set to keep grinding sideways. How the index found its footing after a recent dip is also worth noting, covered in NASDAQ US100 Finds Footing Near 24,800 After Bouncing From 24,600 Low.
Alex Dudov
