The Nasdaq 100 (US100) has just broken a key cluster of higher lows, which previously served as short-term support across the last several weeks. The chart shows a confirmed breakdown below the 4-hour MA100 and a rapid drop under the 1-hour MA50, signaling that short-term momentum has turned bearish.
While the longer-term uptrend remains above the 4-hour MA200, the immediate technical structure is now under pressure, and the market faces a test of the next support zone near 28,900.
Trend Structure
Short-term trend: broken higher lows, bearish momentum.
Intermediate trend: price below 1-hour MA50 and 4-hour MA100.
Long-term trend: price still above 4-hour MA200, keeping broader bullish trend alive.
This chart signals a shift in short-term structure, but the intermediate to long-term trend remains cautiously constructive.
Support / Resistance
Support Zone: ~28,580 – previous consolidation and reaction lows.
Next Target: 28,900 – measured move based on broken cluster.
Resistance: 1-hour MA50 and 4-hour MA100 levels now acting as resistance.
Moving Averages
1-hour MA50: broken from above, confirming short-term weakness.
4-hour MA100: breached, signaling intermediate-term pressure.
4-hour MA200: still intact, long-term trend line acting as a dynamic support.
Indicators Visible
RSI (4h) is in oversold territory.
Short-term bearish momentum is confirmed.
There may be a temporary rebound before 4-hour MA200 test due to oversold RSI.
Chart Pattern
Short-term: Broken Rising Wedge.
Higher highs and higher lows previously contained within wedge.
Breakdown of wedge signals a confirmed sell opportunity.
Momentum
Momentum has shifted sharply lower.
The break of higher lows and key MAs shows sellers controlling the near-term market.
Bullish Scenario
Price stabilizes at 28,900–28,580 support zone.
Oversold RSI could trigger a temporary rebound toward the broken wedge zone.
Buyers re-enter, testing the 1-hour MA50 resistance.
Bearish Scenario
Support cluster fails completely at 28,900–28,580.
Price could drop toward long-term MA200 or lower measured targets.
Momentum remains bearish, reinforcing downside.
Key Conclusion
The short-term structure for US100 has shifted bearish after breaking the higher-lows support cluster.
The critical level now is 28,900 — traders must watch this for potential bounce or continuation of the decline.
Discussion Question:
Will the 28,900 support level hold as a short-term floor, or is this the start of a deeper correction?
