Nasdaq 100 opens the door to neutralityUS Tech 100 CFDFOREXCOM:NAS100FOREXcomThe latest trading sessions have not been particularly favorable for the Nasdaq 100. Over the last three sessions, the index has posted an average decline of around 1.8%, once again highlighting a relevant phase of short-term indecision. For now, this behavior is largely linked to concerns around a potentially more aggressive Federal Reserve. A higher-rate environment has not allowed confidence in equity index demand to fully stabilize, which means neutrality could remain an important theme over the next few trading sessions. A sideways range begins to form: Over the last few weeks, the Nasdaq has started to move within a potential sideways range, with resistance near 30,600 points and support around 28,300 points. This structure reflects a lack of clear direction in price action. As long as the index remains within these levels, the formation of a more defined trend could stay limited, leaving the sideways range as the most important technical pattern for now. RSI: The RSI remains very close to the 50 neutral line, suggesting a balance between buying and selling pressure over the last 14 sessions. This dynamic reinforces the idea of an indecision phase that could continue to shape the index’s behavior over the coming weeks. MACD: The MACD histogram also remains close to the 0 neutral area, showing balance in the average strength of the moving averages. As long as this behavior continues, the lack of clear direction could remain an important feature on the Nasdaq 100 chart. Key levels to watch: 30,600: Relevant resistance area that marks the upper side of the potential sideways range and remains close to record-high levels. A breakout above this zone could open the door to a clearer buying bias and a possible continuation of the bullish trendline that had been in place in previous months. 29,400: Neutrality zone located near the middle of the sideways range. Sustained moves around this level could continue to reflect indecision and support an extension of the range over the coming weeks. 28,300: Main support located near previous weekly lows and below the 50-period simple moving average. A break below this level could trigger stronger selling pressure and potentially open the door to the formation of a bearish trendline over the following weeks. Written by Julian Pineda, CFA, CMT – Market Analyst