The Nasdaq 100 remains in a consolidation phase as it tests key support and resistance levels. Traders should keep an eye on the following critical points:

🔹 Resistance

October 30 record high: 26,399

Psychological level: 26,500

🔹 Support

Near-term support: 26,000, 25,750, 25,500

50-day EMA: 24,862

The index shows short-term resilience above its 50-day EMA, but a break above 26,500 could trigger bullish momentum, while a drop below 26,000–25,500 may signal a deeper pullback.

💡 Technical Summary:

Key Resistance: 26,399 / 26,500

Key Support: 26,000 / 25,750 / 25,500 / 50-day EMA 24,862

Bias: Neutral-to-Bullish while above 26,000

Next Move: Watch for a breakout above 26,500 or a pullback toward 26,000