Nasdaq 100 declines amid seller pressure and risk of further losses toward 27,342 support

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Nasdaq 100 drops 1.6% to 27,460

Highlights

The Nasdaq-100 posted its largest single-session gain since March, jumping 917.64 points to 27,907.63 on November 9, 2026.
Short-term liquidity shifted as investors adjusted positions, with increased likelihood of profit-taking after the significant rally.
Technical signals indicate short-term buyer activity but medium- and long-term resistance remains, with a range of 26,968 to 27,952 forecasted and a 74% probability of decline over the next 2 to 3 days.

Profit-taking accelerates after outsized rally shifts market positioning

The Nasdaq-100 achieved its best single-session gain since March with an increase of 917.64 points to 27,907.63 on November 9, 2026, according to 24/7 Wall St. This outsized move likely led to short-term liquidity shifts, with investors potentially adjusting positions after the rally and a higher probability of profit-taking activity. Such strong upward momentum in index performance can elevate volatility and alter the near-term balance between supply and demand, though price action has remained under broader selling pressure.

Mixed momentum clouds NDX as support holds but resistance limits gains

Technically, NDX/USD is trading above the MA-20 but remains capped below the MA-50 on the hourly chart and under the MA-200 on the daily time frame. The Ichimoku Kijun on the daily chart stands at 27,342 and serves as an immediate support level. Momentum indicators present a mixed picture: MACD and ADX both favor the buyers, while RSI, Stoch RSI, and CCI all hover in neutral territory, indicating a lack of clear trend strength. Bull/Bear Power is positive and supports the case for buyer dominance during the session, but the Awesome Oscillator remains neutral, reflecting uncertainty in directional momentum.

Sideways bias dominates with downside favored amid volatility regime

Over the next two to three sessions, price action is expected to fluctuate within a range bounded by 26,968 and 27,952, consistent with the recent volatility band relative to current levels. Model estimates assign a 74% probability to a continued decline, while only a 26% chance is given to an immediate rally. The base scenario favors a continuation of sideways movement inside this range. A decisive break above resistance could spark a bullish advance, while a breach below the lower bound would confirm a further downside move.

Viktoras Karapetjanc, Senior Analyst at Traders Union, notes that the Nasdaq-100’s standout rally, the strongest since March, has improved short-term sentiment but left the index below key longer-term averages. He sees persistent underlying selling pressure and mixed technical signals as factors keeping near-term direction cautious. The analyst maintains a constructive outlook, anticipating sideways movement with a modest bias toward further gains if resistance is broken. However, he cautions that volatility may remain elevated as investors reposition after the recent surge. "Momentum is improving and sentiment has turned more positive, but I want to see a firm close above resistance to confirm a sustained bullish move."

Earlier, analysts noted that the Nasdaq 100 was expected to avoid a bear market despite significant volatility and ongoing downside pressure. Current technical signals and model probabilities suggest the prevailing scenario remains sideways movement, with traders advised to monitor the 26,968–27,952 range for a potential breakout or further decline 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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.