^NDX Today, January 21: Nasdaq 100 Drops 2% as Bearish Bias Builds
Nasdaq 100 today fell 2.12% to 24,987 as sellers hit mega-cap tech and pushed the index into key support. The day’s range, 25,280 to 24,954, showed higher volatility and a defensive tone. For German investors, a close below the 25,187 pivot raises the odds of a drift toward 24,923. A sustained move back above the 50-day average near 25,415 would ease pressure. Until that happens, the risk skew is bearish for growth-heavy names. Nasdaq 100 today signals caution for EUR-based ETF holders and short-term traders in Frankfurt.
What moved the index and why it matters in Germany
Sellers targeted big tech, leaving the index down 2.12% and 5 days lower by about 3%. Breadth weakened and follow-through selling picked up into the close. For Germany-based investors, this can pressure UCITS ETFs tracking the index during Xetra hours. It also raises intraday gaps between US and EU sessions. A cautious read aligns with the bear tilt reported by German financial media source.
The session’s high at 25,280 and low at 24,954 came with an Average True Range near 310 points, signaling wider swings. Bollinger lower band sits near 24,840, close to the watched 24,923 support. RSI near 58 is mid-range and ADX near 14 shows no firm trend. For short-term Germany-based traders, Nasdaq 100 today implies larger intraday moves and the need for tighter risk control.
NDX key levels German traders are watching
The intraday pivot sits at 25,187. Below it, traders eye 24,954 (today’s low) and 24,923 as the first downside magnet. A decisive break opens 24,840 near the Bollinger lower band. Failure to reclaim the pivot keeps pressure on rallies. For context, Nasdaq 100 today closed under the pivot, which favors sellers into the next session unless buyers step in early.
The 50-day average near 25,415 is the first line that could ease stress if reclaimed and held. The 200-day near 23,242 remains a rising base and a distant, higher-timeframe anchor. Keltner lower band sits around 24,836, close to spot support. If price tracks between 25,187 and 24,923, mean reversion trades may dominate.
Our base case assigns a 60% probability to sideways-to-down action toward 24,923 while below 25,415. A strong, sustained close above 25,415 would invalidate the bear skew and open 25,700 to 25,900. Losing 24,923 on volume exposes 24,840 and then 24,600. Keep plans simple: under the pivot, fade bounces; above 25,415, buy dips.
Nasdaq 100 forecast: near-term and medium-term
Short-term, we expect choppy trade that leans lower while price sits below 25,187, with 24,923 as the first test. If the index gaps above the pivot and holds, a squeeze toward 25,350 to 25,415 is possible. Nasdaq 100 today supports this bias by closing below the pivot. Watch volume on bounces to gauge staying power.
Model marks show Monthly 26,663, Quarterly 24,951, and Yearly 25,274 as guideposts, broadly bracketing current price. For Germany, currency moves matter: a stronger euro can mute USD gains in unhedged ETFs. Macro headlines on AI demand and earnings may steer direction, as recent commentary suggests source.
Strategy after the tech stocks selloff
Consider fading weak bounces under 25,187 with stops sized to 0.5–1 ATR. First take-profit sits near 24,923, then trail. For dip buys, wait for a firm reclaim of 25,187, then target 25,350 and 25,415. Keep position sizes small given wider swings. Nasdaq 100 today argues for patience rather than chasing.
The clearest sign would be a daily close above 25,415 with improved breadth and rising volume. That would turn the focus to 25,700 to 25,900. If price fails again at 25,187, sellers likely stay active. Track RSI for a push above 60 and ADX for trend confirmation.
For Frankfurt-listed UCITS ETFs, review whether your fund is EUR-hedged. Hedged share classes reduce USD noise when managing index moves. Unhedged funds may lag if EUR strengthens during rebounds. Check trading costs within Xetra hours and avoid illiquid times. Options sellers can consider smaller sizes due to the higher ATR.
Final Thoughts
Nasdaq 100 today closed at 24,987, down 2.12%, and below the 25,187 pivot. The near-term setup favors a sideways-to-down path toward 24,923 while price remains under the 50-day average at 25,415. For German investors, this points to cautious ETF positioning, wider intraday ranges, and selective entries. A strong reclaim and close above 25,415 would reduce downside risk and open 25,700 to 25,900. Until then, we prefer fading weak bounces under the pivot and taking profits near support. Keep stops aligned with 0.5–1 ATR and monitor breadth, volume, and currency effects on EUR-based returns.
FAQs
What is the key takeaway from the Nasdaq 100 today move?
The index fell 2.12% to 24,987 and closed below the 25,187 pivot. That favors more sideways-to-down action toward 24,923. A sustained move back above 25,415 would ease pressure. Until that happens, rallies may be short-lived and better sold than chased.
Which NDX key levels matter most right now?
We are watching 25,187 as the intraday pivot, 24,954 as today’s low, and 24,923 as first support. On the upside, 25,350 is an interim target and 25,415 is the 50-day average. Above 25,415, the pressure eases and 25,700 to 25,900 opens.
How should Germany-based ETF investors react to the tech stocks selloff?
Review whether your Nasdaq-100 UCITS ETF is EUR-hedged. Hedged share classes can reduce currency impact when volatility rises. Consider smaller position sizes, avoid illiquid times, and wait for a decisive reclaim of 25,187 or, better, 25,415 before adding risk. Respect stops sized to recent ATR.
What is the short-term Nasdaq 100 forecast?
Our 1–5 day view is choppy and slightly lower while below 25,187, with 24,923 as the first test. A gap-and-hold above the pivot can drive a squeeze toward 25,350 to 25,415. The bias flips constructive only after a daily close above 25,415.
Which indicators support the current bias?
ATR near 310 shows wider swings, while ADX near 14 signals no firm trend yet. RSI around the high 50s is mid-range, not stretched. Bollinger lower band near 24,840 aligns with 24,923 support. Together, they support a cautious, sell-rallies approach below 25,415.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
