What is the Nasdaq 100 forecast today?

The Nasdaq 100 faces a neutral near-term outlook due to conflicting signals across timeframes. The daily chart remains in an uptrend above its 200-day EMA at 27586.8, while the 4-hour and 1-hour charts show a mixed state.

What are the key technical levels for the Nasdaq 100 today?

Immediate resistance sits at S1 at 30455.5, while nearest support is the previous day low at 30401.6. Key daily pivots to watch include the central pivot at 30585.4 and resistance at 30769.2.

Which economic events could impact the Nasdaq 100?

Today's calendar includes a speech by the Fed's Cook at 17:15 UTC. Tomorrow introduces the JOLTS Job Openings report and multiple Federal Reserve speeches that could influence market direction.

Nasdaq 100 Forecast Today: Index Battles Mixed Signals

Daily outlook Neutral bias Sep 28, 2026, 12:18 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

The Nasdaq 100 faces conflicting momentum as an overriding daily uptrend meets mixed intraday signals. The index is currently bracketed between immediate support at 30401.6 and resistance at 30455.5.

Trading finances. Young man resting on the couch while checking the stock market on the laptop

Price30,434.0

Day change-0.67%

Day range30,256.0 - 30,651.8

ATR (14)447.5

Resistance	Level	Support	Level
R3	31,082.9	S1	30,455.5
R2	30,899.1	S2	30,271.7
R1	30,769.2	S3	30,141.8
Previous day high	30,715.3	Previous day low	30,401.6
20-day high	30,795.1	20-day low	28,744.6
Daily pivot 30,585.4. Data as of 2026-09-28 12:17 UTC; price from a live feed, levels computed from the previous completed daily bar.

Nasdaq 100 (US100) 1-hour chart with the daily pivot at 30,585.4, R1 30,769.2, R2 30,899.1, S1 30,455.5, S2 30,271.7 and the bullish and bearish scenario paths — Nasdaq 100 (US100), 1-hour candles with the daily pivot levels, the range between nearest support and resistance, and both scenario paths. Data as of 2026-09-28 12:17 UTC.

Current Market Position

The Nasdaq 100 (US100) trades at 30434 during the London and New York overlap, representing a 0.67% decline from the previous close. Price action today is framed by a high of 30651.8 and a low of 30256. This 395.8-point intraday range accounts for 88% of the index's 14-day ATR of 447.54 points. The index currently sits below resistance at S1 at 30455.5 and directly above immediate support at the previous day low of 30401.6.

Trend and Momentum

The broader technical picture conflicts with short-term signals, keeping our immediate bias neutral. The daily timeframe remains in a clear uptrend, with price holding above the 50-day EMA at 29481.9 and the 200-day EMA at 27586.8. Additionally, the 14-day RSI on the daily chart registers at 65.7. However, momentum shifts significantly on the shorter charts. Both the 4-hour and 1-hour timeframes exhibit a mixed state, with the 4-hour 50-period EMA located at 30183.7 and the 1-hour 20-period EMA at 30422.2. Because these intraday timeframes disagree with the daily trend, we maintain a neutral view.

Levels That Matter

The nearest level of resistance stands directly overhead at S1 at 30455.5, while downside support rests at the previous day low at 30401.6. Looking at recent trading bands, the 5-day range is defined by a high of 30795.1 and a low of 29611. Expanding the view, the 20-day window shares the same high at 30795.1, but drops to a low of 28744.6, capturing a 20-day performance gain of 3.31%. Significant round numbers surround current price action, with the closest levels below at 30000 and above at 31000. For traders utilizing daily pivots, the central pivot is located at 30585.4, backed by resistance levels such as R1 at 30769.2 and R3 at 31082.9.

Bullish and Bearish Scenarios

In a bullish scenario, a break above the trigger level of R1 at 30769.2 would open the way to an upside target of R2 at 30899.1, representing a 129.9-point climb. A move back below the daily central pivot at 30585.4 would invalidate this view.

On the downside, if sellers drive the index beneath the bearish trigger of S2 at 30271.7, the path clears for a 129.9-point decline toward the S3 target at 30141.8. This bearish case would be invalidated if price crosses back above the daily central pivot at 30585.4.

Newsflow and Catalysts

Today's economic calendar features a speech by the Fed's Cook at 17:15 UTC. Tomorrow brings further catalysts, including the Housing Price Index at 13:00 UTC with an estimate of 0.1 against a previous 0, and the JOLTS Job Openings release at 14:00 UTC with an estimate of 7.23 against a previous 7.271. The Consumer Confidence report also arrives tomorrow at 14:00 UTC, alongside a heavy lineup of Federal Reserve speakers that includes Musalem, Bowman, Barr, Goolsbee, and Williams.

Recent news coverage reflects themes of vulnerability in the broader equities rally and skepticism surrounding tech sector infrastructure, as reported by Market Watch and Bloomberg Markets and Finance. Media tone registers as 77% bullish, though the separate opportunity reading presents a bearish score of -19. As context for broader financial conditions, US Treasury yields closed on September 25 with the 2-year yield at 4.81%, down 6 basis points, and the 10-year yield at 5.17%, down 1 basis point. Additionally, CFTC Commitments of Traders data as of the week to September 22 shows large speculators are net long Nasdaq 100 (US100), as speculators added to net long Nasdaq 100 (US100).

Short-Term Outlook

The Nasdaq 100 enters the current session trapped between conflicting daily and intraday momentum signals. Price action around the immediate resistance at 30455.5 and support at 30401.6 will serve as the primary focus while traders navigate the upcoming Federal Reserve commentary.