Nasdaq 100 Gap-Down Stalled Above 26,288/142 Key Support, Bulls Still in Control

The Nasdaq 100 (US Tech 100) remains technically bullish despite a 1.1% gap-down on Apr 20 driven by renewed US–Iran tensions. Market breadth has strengthened sharply—percentages of component stocks above the 20-/50-/200-day MAs surged since late March—supporting sustainment of the uptrend. The index stabilised around key short-term support at 26,288/26,142; holding that zone preserves upside toward 26,700–27,380 (with intermediate resistances at 26,776, 27,140, 27,380). Technical indicators—price above major MAs, hourly RSI holding >44, and an Elliott Wave count—favor continued bullish momentum. A break and hourly close below 26,142 would invalidate the minor bullish case and open corrective targets at 25,900/800 and, below 25,800, 25,215/25,110.