Nasdaq 100 Analysis: V-Shape Recovery Faces Critical Test at 25,150

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NAS100 for November 26, 2025.

Technical Analysis of NAS100

NAS100 Daily Chart Insight

• The broader market structure continues to favor the bulls. Since forming a base in the lower left portion of the chart, the index has maintained a robust uptrend. The current price action reflects a normal pullback within this primary upward trend. After discovering firm support at a critical moving average, the price is now displaying indications of renewed upward momentum.
• Key Levels: The immediate resistance zone sits between 25,450 and 25,500, which coincides with the purple moving average and recent consolidation candles. The price needs to clear this area to confirm the bounce. The major resistance level is located at 26,330, representing the recent swing high and all-time high visible on the chart, making it the primary target for bulls. Additionally, the 26,000 level acts as a natural psychological barrier between the current price and the highs.

NAS100 2-Hour Chart Analysis

• The immediate resistance zone is defined by the Green Moving Average and ranges from 25,130 to 25,150, representing the “make or break” level for the current session. The secondary resistance sits at 25,300, which marks a minor structural level from previous price pivots in early November. The major resistance is located at 25,630, corresponding to the previous swing high that formed before the major crash occurred.
• Breakout Scenarios: In the breakout and extension scenario, the price closes a 2-hour candle decisively above the Green Moving Average at 25,150. The Stochastics remain “embedded” by staying above 80, indicating extreme strength and momentum. This outcome effectively takes the “lid” off price action, with the price likely surging toward 25,300 immediately and reaching a medium-term target of 25,600. On the other hand, in the pullback and higher low scenario, the price rejects the Green Moving Average at 25,130 due to overbought conditions. The price then retraces back down to test the Black Moving Average at roughly 24,700 to 24,800. This dip would be viewed as a buying opportunity, and if the Black line holds as support, it confirms a “Higher Low,” offering a safer entry point for the next leg up.

NAS100 Pivot Indicator

• The Stochastic Oscillator is currently reading 97.14, indicating an extreme overbought condition. While indicators can remain overbought during strong trending moves due to embedded bullishness, a reading this high often signals a short-term pause or a mean-reversion pullback. Buyers should exercise caution about entering “at market” right at the current highs.
• Bullish Continuation: In the bullish continuation scenario, the price holds above the Purple Moving Average and breaks through the immediate resistance at 25,150. The trigger for this setup would be a 30-minute candle close above 25,150, with the next major target being the previous structural high at 25,270. However, given the overbought Stochastics reading, this move might occur after a brief sideways consolidation period.
• The “Buy the Dip” Pullback: In the “buy the dip” pullback scenario, which has high probability, the price corrects to reconnect with the moving averages due to the extreme Stochastic reading above 97. The target zone for this dip is toward 25,000 to 25,050 at the Purple Moving Average, or potentially as deep as 24,950. The strategy involves looking for bullish reversal candles such as hammers or engulfing patterns in these zones to enter long positions, allowing the Stochastics to reset from above 90 down to 50 or 20 before the next upward leg begins.

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