What are the critical technical levels to watch for the Nasdaq 100?

The nearest resistance level is R1 at 30581.6. Immediate support rests at the daily pivot point of 30329.1, while yesterday's low sits at 30076.6.

Is the US100 trend bullish or bearish today?

The daily and four-hour trends are up, with price holding above the 200-period EMA of 27608.5. However, the hourly trend is mixed, resulting in a neutral short-term bias.

What is scheduled on the economic calendar for the US100 index today?

Today's calendar features US JOLTS Job Openings and Consumer Confidence at 14:00 UTC. The market will also monitor speeches from five Federal Reserve officials scheduled between 15:00 UTC and 19:00 UTC.

Nasdaq 100 (US100) Technical Analysis: Index Rebounds Today

Daily outlook Neutral bias Sep 29, 2026, 12:17 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

The Nasdaq 100 trades higher but shows mixed short-term momentum. Price action hinges on the daily pivot at 30329.1 ahead of JOLTS data and Fed speakers.

Stock market investor monitors digital charts and candlestick patterns

Price30,435.6

Day change+0.58%

Day range30,092.8 - 30,437.1

ATR (14)456.6

Resistance	Level	Support	Level
R3	31,156.8	S1	30,006.4
R2	30,904.3	S2	29,753.9
R1	30,581.6	S3	29,431.2
Previous day high	30,651.8	Previous day low	30,076.6
20-day high	30,795.1	20-day low	28,744.6
Daily pivot 30,329.1. Data as of 2026-09-29 12:16 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 30,329.1, R1 30,581.6, R2 30,904.3, S1 30,006.4, S2 29,753.9 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 2026-09-29 12:16 UTC.

Intraday Standing and Volatility

The Nasdaq 100 (US100) is trading at 30435.6 during the London and New York overlap session, rising 0.58% from the day's open. The index has climbed 176.7 points on the day, navigating between a day low of 30092.8 and a day high of 30437.1. This 344.3-point daily range currently accounts for 75% of the 14-period average true range, which sits at 456.6 points. Yesterday's close settled at 30258.9.

Trend and Momentum Alignments

Momentum on the higher timeframes leans positive, with both the daily and four-hour charts showing an upward trend. The daily chart indicates price holds above the 200-period exponential moving average at 27608.5. However, the hourly trend is mixed, creating a conflict in the immediate directional evidence. The daily relative strength index sits at 58.3. Because the timeframes disagree, the short-term bias remains neutral.

Critical Technical Levels

Immediate resistance is located at R1 at 30581.6, which is 146 points away from current price action. The nearest support is the daily pivot point at 30329.1, situated 106.5 points below the current level. Examining yesterday's boundaries, the previous day high was established at 30651.8 and the previous day low at 30076.6.

Looking at recent weeks, the five-day window holds a high of 30795.1 and a low of 30076.2. The broader 20-day timeframe shows a high at 30795.1 and a low at 28744.6. Round numbers also frame the technical structure, with 31000 resting above and 30000 positioned below the market.

Market Scenarios

Under a bullish scenario, a move through the R1 trigger at 30581.6 would open the way toward the R2 target at 30904.3. A drop back below the daily pivot invalidation level at 30329.1 would cancel this view.

In a bearish scenario, breaking below the S1 trigger at 30006.4 would set a target of S2 at 29753.9. This bearish outlook would be invalidated if price rises above the daily pivot at 30329.1.

Catalysts and Context Today

Today's economic calendar features a heavy schedule of US catalysts, beginning with the Housing Price Index at 13:00 UTC, which carries an estimate of 0.1 against a previous 0. At 14:00 UTC, the market will receive Consumer Confidence alongside JOLTS Job Openings, with the JOLTS estimate at 7.23 compared to the previous 7.271. Additionally, five Federal Reserve officials are scheduled to speak: Bowman at 15:00 UTC, Barr at 16:40 UTC, Goolsbee at 17:00 UTC, Williams at 18:00 UTC, and Waller at 19:00 UTC.

News sentiment data highlights a bullish share of 63%, an opportunity reading scored at 33, and a media mood of 100 out of 100. In the newsflow, rising bond yields remain a theme pressuring tech indices, while artificial intelligence continues to drive broader narratives, according to headlines from Market Watch, Invezz, and Seeking Alpha.

Providing background context, US Treasury yields at the September 28 close saw the 2-year yield at 4.92%, up 11 basis points, and the 10-year yield at 5.24%. Furthermore, futures data as of the week to September 22 showed that large speculators added to net long Nasdaq 100 (US100) positions.

Bottom Line

The Nasdaq 100 stands higher on the day but faces conflicting signals between the hourly and daily timeframes. Price action surrounding the daily pivot at 30329.1 will likely dictate the immediate tone. Traders must navigate a heavy lineup of US data and Fed speakers moving into the New York afternoon.