What is the technical trend for the Nasdaq 100 (US100) today?

The trend is clearly upward, with the daily, 4-hour, and 1-hour timeframes all registering a bullish state. On the daily chart, the index maintains its position above the 200-day exponential moving average at 27686.7.

Where is the nearest resistance for the US100?

The Nasdaq 100 faces immediate resistance at R1 at 30833.3. A break above this level targets the next resistance at R2 at 31165.

What time does the US Nonfarm Payrolls report come out today?

The US Nonfarm Payrolls report is scheduled for release today at 12:30 UTC, carrying an estimate of 90 against a previous 162.

Nasdaq 100 (US100) Technical Analysis: Bulls Eye Payrolls

Daily outlook Bullish bias Oct 2, 2026, 12:18 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

The Nasdaq 100 approaches the critical US employment data with strong upward momentum across multiple timeframes. Bullish action centers on the 30833.3 resistance level, which could serve as the launchpad for an extended breakout.

Cropped image of businessman sitting by the table in cafe and analyzing indicators on laptop computer while us

Price30,666.2

Day change+0.54%

Day range30,501.1 - 30,765.2

ATR (14)457.5

Resistance	Level	Support	Level
R3	31,451.4	S1	30,215.2
R2	31,165.0	S2	29,928.8
R1	30,833.3	S3	29,597.1
Previous day high	30,878.6	Previous day low	30,260.5
20-day high	30,878.6	20-day low	28,744.6
Daily pivot 30,546.9. Data as of 2026-10-02 12:15 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 30,546.9, R1 30,833.3, R2 31,165.0, S1 30,215.2, S2 29,928.8 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 2026-10-02 12:15 UTC.

Tech Futures Build Gains Ahead of Key Employment Data

During the London and New York overlap, the Nasdaq 100 (US100) trades at 30666.2, leaning bullish across all timeframes as buyers set their sights on resistance at R1 at 30833.3. The index posts a gain of 164.6 points or 0.54% on the day. Price action has carved out a day low at 30501.1 and a day high at 30765.2. Today's intraday span of 264.1 points accounts for 58% of the 457.5-point 14-day Average True Range. The previous close was at 30501.6.

Trend and Momentum Align Higher

Momentum indicators point firmly higher across the board. The daily, 4-hour, and 1-hour timeframes are all positioned in an established uptrend, showing clear alignment in market direction. On the daily chart, the index maintains its position well above the 200-day exponential moving average at 27686.7. Shorter-term moving averages support this trajectory, with the daily 20-day exponential moving average at 30004.6 and the 50-day exponential moving average at 29618.3. The 14-day Relative Strength Index on the daily chart currently reads 61.4.

Key Daily Pivot Points and Ranges

The Nasdaq 100 (US100) faces immediate resistance at R1 at 30833.3, located 167.1 points above current price action. The nearest support is found at the daily pivot at 30546.9, which sits 119.3 points below. Beyond these immediate barriers, pivot points place R2 at 31165 and R3 at 31451.4. On the downside, further support layers rest at S1 at 30215.2, S2 at 29928.8, and S3 at 29597.1. Looking at recent sessions, the previous day high stands at 30878.6 and the previous day low at 30260.5. The 5-day range is defined by a high of 30878.6 and a low of 30076.6. Further out, the 20-day range spans from a low of 28744.6 to a high of 30878.6. Round numbers to monitor during volatility include 30000 below and 31000 above the current market.

Bullish and Bearish Scenario Breakdowns

In a bullish scenario, a break above the trigger at R1 at 30833.3 would open the way to the target at R2 at 31165, representing a potential move of 331.7 points. A move back below the invalidation level at the daily pivot at 30546.9 would invalidate that view. Conversely, in a bearish scenario, a decline through the trigger at S1 at 30215.2 could lead price toward the target at S2 at 29928.8, mapping a downside distance of 286.4 points. This bearish view would be invalidated by a recovery above the daily pivot at 30546.9.

Employment Data, Speculator Positioning, and Market Catalysts

Focus on the economic calendar centers on today's US labor market data at 12:30 UTC, headlined by Nonfarm Payrolls with an estimate of 90 against a previous 162. Also scheduled for 12:30 UTC are the Unemployment Rate (estimated at 4.1%, previous 4.1%), Average Hourly Earnings YoY (estimated at 3.2%, previous 3.1%), Average Hourly Earnings MoM (estimated at 0.3%, previous 0.3%), the U6 Underemployment Rate (previous 7.7%), and the Labor Force Participation Rate (previous 61.6%). Later today at 14:00 UTC, Factory Orders MoM carries an estimate of 0.1% from a previous 0.9%. The financial newsflow reflects an optimistic outlook for the market open alongside expectations for heightened volatility, as reported by Invezz and Barron's. News sentiment currently measures a 69% bullish and 31% bearish tone, coupled with a media mood of 90 out of 100, which generates a bullish opportunity reading. As of the week to September 22, speculators added to net long Nasdaq 100 (US100) positioning in the futures market. Providing broader context, US Treasury yields at the October 1 close placed the 2-year yield at 4.78%, down 10 basis points, and the 10-year yield at 5.24%, down 5 basis points.

Bottom Line

The Nasdaq 100 enters the pivotal jobs release with unified technical momentum leaning higher across all monitored timeframes. Traders will monitor the 30833.3 resistance level to assess whether the upcoming employment figures provide the spark necessary for an extended breakout. A failure to hold the daily pivot at 30546.9 would shift the immediate technical landscape.