Why is the Nasdaq 100 down today?

Nasdaq 100 is down 203.2 points, or 0.66%, trading at 30454.2 after a day range of 297.3 points that covers 66% of the 14-day average true range of 447.7 points. The four-hour and one-hour trends are both lower, and newsflow from outlets including Invezz, Bloomberg and WSJ points to a pullback across chip and AI-linked shares, which may be weighing on the broader index.

What are the key support and resistance levels for Nasdaq 100 right now?

Price sits between S2 at 30332.3 and S1 at 30494.8, with the daily pivot at 30779.1, R1 at 30941.6 and R2 at 31225.9 above, and S3 at 30048 below.

What is on today's economic calendar for the Nasdaq 100?

Existing Home Sales Change (MoM) is due at 14:00 UTC with no estimate published and a previous reading of -2%, carrying a medium impact rating. The Monthly Budget Statement follows at 18:00 UTC with an estimate of -29 against a previous of -166.8.

What levels would confirm a recovery for the Nasdaq 100 ahead of tomorrow's CPI report?

A move back above the daily pivot at 30779.1 would invalidate the current bearish scenario, and clearing R1 at 30941.6 would open the way to R2 at 31225.9. Consumer Price Index data is due tomorrow at 12:30 UTC, with the year-on-year estimate at 3.6% against a previous 3.4%.

Nasdaq 100 Forecast Today: Price Holds Below Pivot Near S1

Daily outlook Bearish bias Oct 13, 2026, 12:20 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

Nasdaq 100 is down 0.66% and trading between S2 at 30332.3 and S1 at 30494.8, with the four-hour and one-hour trends both pointing lower ahead of tomorrow's CPI report.

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

Price30,454.2

Day change-0.66%

Day range30,383.6 - 30,680.9

ATR (14)447.7

Resistance	Level	Support	Level
R3	31,388.4	S1	30,494.8
R2	31,225.9	S2	30,332.3
R1	30,941.6	S3	30,048.0
Previous day high	31,063.3	Previous day low	30,616.5
20-day high	31,365.0	20-day low	28,744.6
Daily pivot 30,779.1. Data as of 2026-10-13 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 30,779.1, R1 30,941.6, R2 31,225.9, S1 30,494.8, S2 30,332.3 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 2026-10-13 12:15 UTC.

Nasdaq 100 Now: Price Under Pressure, Range Inside Average

Nasdaq 100 (US100) trades at 30454.2, down 203.2 points on the day, or 0.66%, pulling back from the previous close of 30657.4. The session opened at 30667.6, reached a day high of 30680.9 and a day low of 30383.6, for a day range of 297.3 points.

That range covers 66% of the 14-day average true range of 447.7 points, so the pullback has not yet used up the volatility typically available in a session. Readers sizing up how far a move can realistically extend can see the mechanics in ForexR's guide to ATR and volatility.

Trend and Momentum: Timeframes Point Down Near Term

The daily trend reads mixed, with price sitting just below its 20-day EMA at 30467 but still above the 50-day EMA at 29939.9 and the 200-day EMA at 27905.1. The four-hour trend is down, with its 20-period EMA at 30734.4 below the 50-period EMA at 30771.5, and the one-hour trend is also down, with its 20-period EMA at 30547.1 under the 50-period EMA at 30691.6.

Daily RSI sits at 56.3, consistent with the index still holding above its longer-run averages even as the shorter-term picture has turned lower. With H4 and H1 both pointing down while the daily trend stays mixed, the timeframes do not fully agree, and near-term pressure leans to the downside without the broader structure having broken.

Levels That Matter

Price currently sits between S2 at 30332.3 and S1 at 30494.8, placing resistance at S1 just 40.6 points away and support at S2 121.9 points below. The daily pivot stands at 30779.1, with R1 at 30941.6, R2 at 31225.9 and R3 at 31388.4 above, and S3 at 30048 below. Readers can map these pivots for other sessions with ForexR's pivot point calculator, with the mechanics explained in the guide to how pivot points work.

Yesterday's bar, October 12, ran from a high of 31063.3 to a low of 30616.5 before closing at 30657.4. The 5-day window carries its own high of 31365 and low of 30553.2, while the wider 20-day window shares that same high of 31365 against a lower low of 28744.6. The index also sits well clear of the round levels at 30000 below and 31000 above.

Bullish and Bearish Scenarios

On the upside, clearing R1 at 30941.6 would open the way toward R2 at 31225.9; that path would be invalidated by a move back below the daily pivot at 30779.1.

Downside risk centers on S2 at 30332.3 — losing that level would open the way to S3 at 30048, and only a recovery back above the daily pivot at 30779.1 would put that setback on hold. Both paths carry the same distance of 284.3 points from trigger to target.

What Could Move Nasdaq 100 Today

Existing Home Sales Change (MoM) is due at 14:00 UTC, with no estimate published and the previous reading at -2%. The Monthly Budget Statement follows at 18:00 UTC, with an estimate of -29 against a previous figure of -166.8. Readers weighing how much weight to give medium-impact releases can use ForexR's guide to using an economic calendar.

Tomorrow brings a heavier slate: an IMF Meeting at 00:00 UTC, a Fed's Bowman speech at 09:40 UTC, the Consumer Price Index at 12:30 UTC — the year-on-year reading estimated at 3.6% against a previous 3.4%, and the month-on-month reading estimated at 0.6% against a previous 0.4%, alongside core measures estimated at 2.5% year-on-year and 0.2% month-on-month — a second Bowman speech at 14:55 UTC, and the Fed's Beige Book at 18:00 UTC.

Newsflow from outlets including Invezz, CNBC, Bloomberg, WSJ and Reuters centers on a pullback across chip and AI-linked shares, with coverage split between framing it as a shakeout ahead of earnings season and arguments that the broader advance can resume.

CFTC data as of the week to October 6, 2026 showed large speculators net long Nasdaq 100 (US100); over that week, speculators added to that net long Nasdaq 100 (US100) position. US Treasury yields at the October 9 close stood at 4.80% on the 2-year, up 5 basis points, and 5.24% on the 10-year, up 2 basis points, versus October 8.

News coverage volume is running at 158% of its 90-day average, and the opportunity read on the index sits at -3, a neutral reading, after swinging from 22, bullish, to -9, neutral, within 24 hours.

Bottom Line

Nasdaq 100 is trading between S2 at 30332.3 and S1 at 30494.8, down 0.66% on the day, with the four-hour and one-hour trends both pointing lower even as the index holds above its 200-day EMA at 27905.1. A break of S1 or S2 would extend the near-term move in that direction, while reclaiming the daily pivot at 30779.1 would shift the picture back toward R1 at 30941.6 ahead of tomorrow's Consumer Price Index data.