Nasdaq-100 Index Wave Analysis - 27 October 2026

Date: October 27, 2026

Analysis by: The FxPro Tech Analysis Team

Summary

The Nasdaq-100 Index has shown a significant reversal from a key support level of 29,000.00. This level has been pivotal in reversing the price trends since the end of August, effectively halting downward movements during wave (a) at the end of August and wave ii in mid-September. The index's recent upward movement is supported by the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse that began at the end of July.

This upward reversal indicates the completion of the ABC correction 2 that started in early October. Given the strength of the support at 29,000.00 and the prevailing daily uptrend, it is anticipated that the Nasdaq-100 Index will continue to rise towards the next resistance level at 30,000.00, which previously halted wave (a) earlier this month.

Key Levels

• Support Level: 29,000.00
• Resistance Level: 30,000.00

Conclusion

In conclusion, the analysis suggests a bullish outlook for the Nasdaq-100 Index, with expectations of further upward movement towards the resistance level of 30,000.00 following the recent reversal from the strong support level of 29,000.00.