The Nasdaq 100 in early trading is near the 25,875.00 vicinity in futures markets. The index is now traversing important resistance as the 25,900.00 comes into focus. When the cash Nasdaq 100 market opens in a few hours it will be an important step if gains gathered this morning equate into a jump upwards later today. Highs being challenged are bouncing along rather intriguing technical resistance.
 

Nervousness which has been strong in the Nasdaq 100 the past couple of months and caused plenty of reversals lower seems to have faded for the moment. A run above the 25,900.00 today that becomes sustained would create additional positive impetus in the minds of large traders. Speculative forces have certainly been hoping for a wave upwards that gather power.
 

25,900.00 and Searching for New Apex Values

All of the talk about a bubble in AI and criticism that the Nasdaq 100 is largely controlled by a handful of big stocks that dominate value for the index has been become quiet. If the 25,900.00 level is penetrated higher and able to show enough muster to hold onto prices, traders will certainly start dreaming about apex values seen in the first week of November.

The other major U.S indexes have been doing well too, and the Nasdaq 100 comparatively has certainly been considered a laggard over the last few months next to the S&P 500. The Nasdaq 100 was trading below 25,000.00 early last Wednesday and since then has powered significantly. The index has once again reminded traders about its ability to create positive velocity.
 

Federal Reserve in the Shadow Today

Last week’s speech in Davos by President Trump may have created some positive momentum for the Nasdaq 100, this was followed by better than expected GDP numbers on Thursday. Tomorrow the U.S Federal Reserve will make its interest rate pronouncements via the FOMC meeting results.

• While an interest rate cut is not expected Wednesday, the tone of the Fed’s rhetoric and via its official statement will be of high interest.
• Because of the change in the leadership of the Fed which will officially take place in May 2026, financial institutions believe a more dovish Federal Reserve is a certainty.
• The Nasdaq 100 like the rest of the broad markets may consider lower interest rates as potential fuel to ignite better conditions for corporations and thus the stock markets.
• Day traders looking for higher values in the Nasdaq 100 in the near-term need to be realistic, because attitudes can change quickly.
• However pursuing upside momentum for the moment appears logical.
   

Nasdaq 100 Short-Term Outlook:

Current Resistance: 25,893.00

Current Support: 25,871.00

High Target: 25,970.00

Low Target: 25,820.00

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