Aetram Global Research: Nasdaq 100 Index Technical Research Report - 03.11.2026

Aetram Global Research: Nasdaq 100 Index Technical Research Report 

Nasdaq 100 Bears Control Below 28,400; Recovery Toward 28,880 Remains Possible While 27,900 Failure Could Expose 27,600

• Chart Name: Nasdaq 100 Index (NDX)
• Current Market Price: 27,989.82
• Current Trend: Nasdaq-100 remains firmly bearish, extending lower lows beneath all major moving averages.
• Trend Dominance: Bears retain clear control as repeated recovery attempts continue failing beneath resistance.

CHART OUTLOOK & PREDICTION

• Nasdaq 100 maintains a lower-high, lower-low structure after losing 28,400, with selling momentum still elevated. Price remains beneath the 28,883–29,385 major moving-average cluster. Recovery above 28,400 may target 28,880, while sustained weakness below 27,900 could expose 27,600.

UPCOMING EVENTS

• U.S. JOLTS may increase rate-volatility risk for technology shares
• U.S. employment data could pressure technology valuations through yield volatility
• U.S. October CPI may reshape rate expectations and Nasdaq sentiment 

MAJOR SUPPORT AND RESISTANCE

• Support Levels: 27,900 / 27,600 / 27,200
• Resistance Levels: 28,400 / 28,880 / 29,250

TREND, VOLUME & DOW THEORY ANALYSIS

• Dow Theory remains bearish as successive lower highs and lower lows preserve downside structure. Selling participation strengthened during the latest decline, while price remains beneath declining major averages. A recovery above 28,880 would improve structure; below 27,900, continuation risk remains elevated.

SCENARIO-BASED OUTLOOK

• Bullish Scenario: Above 28,400, price may move toward 28,880–29,250 zone.
• Bearish Scenario: Below 27,900, downside risk could extend toward 27,600–27,200 zone.
• Neutral Scenario: Between 27,900–28,400, consolidation may remain likely.

FINAL TAKEAWAY

• Nasdaq 100 retains a distinctly bearish broader structure, with tactical recovery potential only if 28,400 is reclaimed. Momentum remains weak beneath major averages; 27,900 is the immediate risk zone, while 28,880–29,250 represents the principal recovery barrier.

Caution Note 

• All Positivity Negates on breaking below 27,900
• All Negativity Negates on breaking above 28,880

DISCLAIMER: This research report is for informational purposes only. This is not an offer to buy or sell securities. Past performance is not indicative of future results. There is no guarantee of returns. Investments in securities are subject to market risks including loss of capital. Investors should consult their financial advisor before making any investment decisions.