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Nasdaq 100 Analysis: Shifting Realm as Trade Volumes Start Increasing

By Robert Petrucci

Robert Petrucci has worked in the Forex, commodity, and financial profession since 1993. Important aspects of his work involve risk analysis and advisory services. As an advisor in a Family Office he maintains a conservative approach for wealth management and investments. Robert also works in private finance with investors and companies delivering financial and management services....

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The Nasdaq 100 is near the 25,600.00 ratio in early futures trading today, this as market volumes start to increase as large players return after the holiday season and rather thin conditions.

Nasdaq 100 Analysis 07/01: Shifting Realm (Chart)

Full trading has not developed completely yet in the Nasdaq 100 and is likely not going to be seen until late this week, but certainly by early next week equity markets will be back to normal action via market participants. It is a matter of behavioral sentiment which will guide their choices in the coming days and weeks. The Nasdaq 100 has gained slightly the past few days of trading, but it remains in a fight to reconquer the 25,600.00 level and sustain momentum above.

Unlike the S&P 500 which is showing optimistic signals as it flirts with record highs, the Nasdaq 100 remains a cautious playground. Day traders who are tempted to jump into the speculative pool and simply buy the Nasdaq 100 based on a notion that upsides action awaits may want to remain conservative until full market volumes return. Yesterday’s buying above the 25,700.00 level was then met by selling.

Kickstart via Economic Data This Friday

The U.S jobs numbers will be reported this Friday with the Non-Farm Employment Change statistics. This data will be one of the first major tests for the Nasdaq 100 in 2026 as it tries to find impetus to move higher. The Nasdaq 100 is still below highs seen in the second week of December when the 25,875.00 vicinity saw traction. And the Nasdaq 100 remains well below its apex highs of October when the 26,330.00 ratio saw a challenge.

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While the past couple of days of buying action have been positive for the Nasdaq 100, the results are not convincing quite yet because of an absence of large market participants. If the index can hold values above the 25,600.00 going into the cash open when the ‘Wall Street’ session begins in a handful of hours, this would be important for market psychology.

Cautious and Speculative Decisions

Volume will increase incrementally today and tomorrow most likely, but some major financial houses may remain rather quiet going into Friday.

  • On Friday the U.S jobs numbers and the Average Hourly Earnings figures, along with a Consumer Sentiment report will influence decision making among investors.
  • Until then day traders need to understand that cautious attitudes still pervade the Nasdaq 100.
  • Pre-holiday chatter about a bubble in the AI sector certainly caused some headwinds.
  • The Nasdaq 100 will need to produce solid upwards momentum not only today, but for a few days in a row in order to begin changing conservative attitudes with buyers.

Nasdaq 100 Short-Term Outlook:

Current Resistance: 25,615.00

Current Support: 24,580.00

High Target: 25,710.00

Low Target: 25,492.00

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Robert Petrucci has worked in the Forex, commodity, and financial profession since 1993. Important aspects of his work involve risk analysis and advisory services. As an advisor in a Family Office he maintains a conservative approach for wealth management and investments. Robert also works in private finance with investors and companies delivering financial and management services.

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