Nasdaq 100 index sees a jump: what is fueling the index rise

Traders Union
All News
Stocks
Nasdaq 100 rises 2.21% today

Highlights

NDX remains under near-term pressure, trading below major short- and medium-term moving averages but slightly above long-term support.
Momentum signals are mixed, with weak downside indicated yet several oscillators reveal oversold conditions and intraday strength.
The index is likely to trade sideways between 24,128.91 and 24,165.35, while a drop below 24,359.16 risks an extended decline.

Anton Kharitonov, expert at Traders Union, sees the Nasdaq 100 rebound as technically fragile. He notes the index remains under key short- and medium-term moving averages, despite holding slightly above the SMA-200 support. Kharitonov believes momentum indicators confirm ongoing downside risk, with oversold oscillators signaling only brief relief. He highlights the lack of meaningful news drivers to challenge bearish sentiment, increasing the probability of sideways or lower trade. "Despite today's bounce, I see narrow upside potential while sellers remain in control and no fresh catalysts appear."

Viktoras Karapetjanc, expert at Traders Union, believes the Nasdaq 100 offers opportunity even as it consolidates above long-term support. He highlights the index's ability to hold above the SMA-200 and reach session highs, suggesting underlying market resilience. Karapetjanc points out that oversold readings may precede a technical squeeze if resistance at 24,556.88 is broken. Although news flows are absent, he maintains the bullish structure is intact for now. "With the baseline scenario favoring consolidation, I see scope for further growth on any upside breakout."

Short-term seller pressure as NDX nears key supports amid mixed signals

The current NDX price of 24,426.26 remains below the SMA-20 at 24,769.83, SMA-50 at 25,106.26, but is just above the SMA-200 at 24,359.16. This positioning signals short- and medium-term pressure from sellers, while the long-term trend appears more neutral; the nearest dynamic resistance is at the Ichimoku Kijun line of 24,556.88, with the SMA-200 now acting as a potential support. Momentum indicators are mixed: daily MACD and ADX both point to weak downside momentum, but several other oscillators show oversold conditions, including RSI at 35.11, Stoch RSI at zero, and CCI at –243.55. BBP also indicates sellers dominate the daily picture. AO is in alignment, confirming the prevailing downside bias. After a notable upside gap at today’s open, NDX trades up 528.11 points or 2.21% from the previous close, and is near daily highs within a high intraday volatility regime. The upward move reflects strength toward session highs, even as momentum readings and oscillators diverge, highlighting short-term exhaustion but persistent selling in the broader trend.

Earlier, analysts noted that the Nasdaq 100 was experiencing sustained downside pressure, with negative momentum outweighing brief rallies. The latest session strengthens this outlook as mixed signals persist, making the SMA-200 level a critical pivot point for confirming either a rebound or further declines in the coming days.

Source of Data: NDX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.