NAS100 Is in a Downtrend, Risks Further Decline below 15500

Updated:

Key Resistance Zones: 15000, 15500, 16000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Bearish
NAS100 is trading below the moving averages but risks further decline below 15500. Since January 4, the index has been in a downward move. NAS100 fell to the low of level 15000 but pulled back to level 15300. Presently, the altcoin has fallen and it is retesting the previous support of level 15504. The index will further decline if it loses the current support at level 15500. The market will decline to the low of level 14356.

NAS100 Is in a Downtrend, Risks Further Decline below Level 15500
NAS100 -Daily Chart

Daily Chart Indicators Reading:
The index is at level 42 of the Relative Strength for period 14. NAS100 is in the downtrend zone and below the centerline 50. The price bars are below the 50-day SMA and the 21-day SMA indicating a downward move. The 50-day SMA and the 21-day SMA are sloping horizontally indicating a sideways trend.

NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 4- hour chart, NAS100 is in a downward move. On January 14, the index fell to the low of level 15246 and pulled back. Meanwhile, on January 17 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the index will rise to level 1.618 Fibonacci extension or level 15770.76.

NAS100 Is in a Downtrend, Risks Further Decline below Level 15500
NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 30% range of the daily stochastic. It is in a bullish momentum. The index price is below the moving averages which makes NAS100 prone to fall. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 is still below the moving averages but risks further decline below 15500. It is in the bearish trend zone and capable of a further downward move. An upward move is likely because the index has reached the oversold region of the market.


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NASDAQ 100 Faces Rejection at Level 16607, Resumes Selling Pressure

Updated:

Key Resistance Zones: 16000, 16500, 17000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 index trades in a sideways trend and resumes selling pressure. The uptrend on November 15 was interrupted as the index resumed a downward move. NASDAQ 100 dropped from the high of level 16627 to a low of level 15504. Since then the uptrend has been restricted below level 16400. The index now fluctuates between levels 15300 and 16400. The index will rise to level 18500 if the current overhead resistance is breached.

NASDAQ 100 Faces Rejection at Level 16607, Resumes Selling Pressure
NAS100 – Weekly Chart

Daily Chart Indicators Reading:
NAS100 is at level 61 of the Relative Strength for period 14. It indicates that NAS100 is in the bullish trend zone and capable of rising on the upside. The index price is above the 50-day line SMA and the 21-day line SMA which indicate that the market will further rise. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the daily chart, NAS100 is in a sideways move. The upward move has been hampered by the overhead resistance at level 16400. On three occasions the bulls broke above the resistance level but were repelled. On December 27, buyers failed to keep the price above the overhead resistance. Today, NASDAQ 100 is falling below the overhead resistance.

 NASDAQ 100 Faces Rejection at Level 16607, Resumes Selling Pressure
NAS100 – Daily Chart

Daily Chart Indicators Reading
The index has fallen below the 80% range of the daily stochastic. It indicates that the market has reached the overbought region. Sellers will emerge to push prices down. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 reaches an overbought region of the market and resumes selling pressure. The current decline may reach the low of level 15450 If price breaks below the moving averages.

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NASDAQ 100 (NAS100) Retests Level 16400 High, May Resume Downtrend

Updated:

Key Resistance Zones: 16000, 16500, 17000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 index is in a sideways trend but may resume downtrend. NASDAQ 100 was earlier in an uptrend. The uptrend has been terminated since November 4. For the past month, the index has been fluctuating below the overhead resistance at $16,400. The uptrend will resume upward if the overhead resistance is breached. Meanwhile, on November 22 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that NAS100 will rise to level 2.0 Fibonacci extension or level 18861.50.

NASDAQ 100 (NAS100) Retests Level 16400 High, May Resume Uptrend
NAS 100 – Weekly Chart

Weekly Chart Indicators Reading:
The index is at level 61 of the Relative Strength Index for period 14. It indicates that NAS100 is the uptrend zone and it is capable of further upside. The 21-day and the 50-day line moving averages are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the Daily hour chart, NAS100 is in a sideways move. The previous uptrend was terminated on November 4 as the market resumes a sideways move. The bulls have retested the overhead resistance on more than four occasions but were repelled. Today, buyers have resumed upward move to retest the overhead resistance. The uptrend will resume when the resistance at level 16400 is breached.

NASDAQ 100 (NAS100) Retests Level 16400 High, May Resume Uptrend
NAS 100 – Daily Chart

Daily Chart Indicators Reading
NAS100 is above the 80% range of the daily stochastic. The index is now in the overbought region of the market. The current uptrend may face another rejection as prices reach the overbought region. The index is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move.

General Outlook for NASDAQ 100 (NAS100)
NAS100 is trading at level 16324.23 at press time as it may resume downtrend. The current uptrend is likely to face rejection at level 16400. The index is facing rejection as it resumes a range-bound move.

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NASDAQ 100 Is in a Sideways Move, Battles Resistance at 16400

Updated:

Key Resistance Zones: 16000, 16500, 17000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Bearish
NAS100 price has broken below the moving averages as it battles resistance at 16400. Since November 4 uptrend the bulls are yet to break above level 16400 overhead resistance. Buyers have retested the overhead resistance on five occasions but were unable to breach the resistance. The index will fall below or above the moving averages after each rejection. For the past three days, the candlesticks have protruding long tails pointing to level 15600 support. The long tails indicate that the current support is a strong buying pressure.

NASDAQ 100 (NAS100) Is in a Sideways Move, Battles Resistance at 16400
NAS100 – Daily Chart

Daily Chart Indicators Reading:
The index is at level 44 of the Relative Strength Index for period 14. It indicates that NAS100 has fallen to the downtrend zone and it is falling on the downside. The 21-day and the 50-day line moving averages are sloping horizontally indicating the sideways move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, NAS100 is in an uptrend but it is retracing to the downside. The uptrend will resume when the retracement ends. Meanwhile, on December 17 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that NAS100 will rise to level 2.0 Fibonacci extension or level 16200.69.

NASDAQ 100 (NAS100) Is in a Sideways Move, Battles Resistance at 16400
NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NAS100 is above the 25% range of the daily stochastic. The index is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move.

General Outlook for NASDAQ 100 (NAS100)
NAS100 has resumed upward move as it battles resistance at 16400. The uptrend is likely as the index fell to the oversold region of the market. The index will resume an upward movement when it breaks above level 15900.

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NASDAQ 100 (NAS100) Rebounds above Level 15550, Resumes Uptrend

Updated:

Key Resistance Zones: 16000, 16500, 17000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 has resumed upward move as price breaks above the moving averages. Buyers are pushing the index to retest the resistance at level 16750. In the first uptrend, the bulls were repelled at the high of level 16750. The market declined to the low of level 15550. NAS100 will rally above level 17000 if buyers overcome the resistance at level 16750.

NAS100- Daily Chart

Daily Chart Indicators Reading:
The index is at level 54 of the Relative Strength Index for period 14. It indicates that NAS100 is in the uptrend zone and capable of rising on the upside. The index price is above the moving averages indicating a possible rise of the index.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, NAS100 is in an upward move. The uptrend is facing resistance at level 16405. A break above the resistance will propel the index to rise on the upside. Meanwhile, on December 8, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 will rise to level 1.618 Fibonacci extension or level 16955.19.

NAS100 – 3 Hour Chart

4-hour Chart Indicators Reading
NAS100 is above the 40% range of the daily stochastic. The index is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 has resumed upward move. The upside momentum will resume if price breaks above the resistance at level 16750. Meanwhile, the NAS100 is trading at level 16284 at the time of writing.


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NASDAQ 100 (NAS100) Reaches Bearish Exhaustion, Resumes Uptrend

Updated:

Key Resistance Zones: 16000, 16500, 17000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Bearish
NAS100 is in a downward move. The index is above the 50-day line SMA but below the 21-day SMA. NAS100 will further decline to level 14400 if the bears break below the 50-day SMA. On the other hand, if the current support holds, the uptrend will resume. Besides, the market has reached the oversold region and has pulled back. The index is likely to revisit the previous highs. A break above the 21-day SMA will signal the resumption of upside momentum.

Daily Chart Indicators Reading:
The index has fallen to level 42 of the Relative Strength Index for period 14. NAS100 is in the downtrend zone and capable of falling on the downside. The index price is between the moving averages indicating a possible range bound move.

NAS100- Daily Chart

NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 4- hour chart, NAS100 is in a downward move. The index has fallen to level 15529 as the market reached the oversold region. The selling pressure is likely to subside. Meanwhile, on November 26 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 will fall to level 1.618 Fibonacci extension or level 15469.56.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NAS100 is below the 20% range of the daily stochastic. NAS100 reached the oversold region and buyers pushed price upward. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 has reached the oversold region. There is the likelihood of upward movement of prices. The selling pressure has been exhausted.


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NASDAQ 100 (NAS100) Declines , Lacks Buyers at Higher Price Levels

Updated:


Key Resistance Zones: 16000, 16500, 17000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Bearish
NAS100 is in a downward move as price breaks below the 21- moving average. The market is likely to further decline to the support above the 50-day SMA. If price holds above the 50-day SMA, NASDAQ 100 will commence a range-bound move between the moving averages.

NAS100- Daily Chart

Daily Chart Indicators Reading:
The index is at level 49 of the Relative Strength Index for period 14. It indicates that there is a balance between supply and demand. The cryptos price is below the 21-day line moving average and above the 50-day moving average indicating a possible range bound move. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 4- hour chart, NAS100 is in a downward move. The index price has broken below the moving averages. It has also broken below the previous low at level 16104. There is a likelihood of further downward move. Meanwhile, on November 23 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 will fall to level 1.618 Fibonacci extension or level 15702.64.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NAS100 is below the 25% range of the daily stochastic. The market is in the bearish momentum and it is approaching the overbought region. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 has resumed downward move. The index is likely to further decline on the downside. According to the Fibonacci tool, NAS100 will fall to level 1.618 Fibonacci extension or level 15702.64. At this low, the index would have fallen to the oversold region of the market.


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NASDAQ 100 (NAS100) Reaches Overbought Region, Targets Level 16906

Updated:

Key Resistance Zones: 15000, 15500, 16000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 has continued to rise on the upside. The index is trading at level 16585 at the time of writing. Meanwhile, on November 8 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that NAS 100 will rise but will reverse at level 1.272 Fibonacci extension or level 16906.38.

NAS100- Daily Chart

Daily Chart Indicators Reading:
The index is at level 74 of the Relative Strength Index for period 14. The market has reached the overbought region. Sellers will emerge to push prices down. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend. The index price is above the moving averages after the retracement.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, NAS100 is in an upward move. The new uptrend has broken above the resistance at 16400 and resumed upward. The upward move is doubtful as prices reach the overbought region.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NAS100 is above the 80% range of the daily stochastic. The market is in the bullish momentum and it is approaching the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 has resumed upward move. However, the index is now trading in the overbought region. The RSI index is at level 74 . NAS 100 is seriously in an overbought condition. There is a tendency for the index to decline.


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NASDAQ100 (NAS100) Reaches the Overbought Region, a Downtrend Is Imminent

Updated:

Key Resistance Zones: 15000, 15500, 16000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 has been in an uptrend. The index has reached the high of level 16469 but faces rejection. The price indicators have shown that the index is seriously in the overbought region. It is doubtful if the current bullish momentum will continue. The market is currently declining and it may reach the low of level 15400.

NAS100- Daily Chart

Daily Chart Indicators Reading:
The index is at level 75 of the Relative Strength for period 14. The index has reached the overbought region of the market. Sellers have emerged in the overbought region. Bearish candlesticks are indicating a downward move. The price bars are above the 50-day SMA and the 21-day SMA. However, the downtrend will resume if price breaks below the moving averages.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, NAS100 is in a smooth uptrend. The price action has been dominated by small body candlesticks. The index is falling as it approaches the 21-day line SMA. A break below the moving average will accelerate the selling pressure.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. Since October 25, the index has been trading in the overbought region. The stochastic bands are sloping below the 80% range of the price indicator. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 is in a strong uptrend but the upward move has reached bullish exhaustion. The Relative Strength Index has reached the high of level 79. This implies that NAS100 may not continue the bullish run. A downward move is imminent.


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NASDAQ 100 (NAS100) Surges Ahead, Targets Level 16059

Updated:

Key Resistance Zones: 15000, 15500, 16000
Key Support Zones: 13500, 13000, 12500

NASDAQ 100 (NAS100) Long-term Trend: Bullish
Since October 13, NAS100 has been in an uptrend. The upward move is being accelerated as price breaks above the moving averages and the resistance at level 15600. Meanwhile, on October 7 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 2.618 Fibonacci extensions or level 16059.88.

NAS100- Daily Chart

Daily Chart Indicators Reading:
The index is at level 70 of the Relative Strength period 14. The index has reached the overbought region of the market. Sellers are likely to emerge in the overbought region.NAS100 is in the uptrend zone and has resumed upside momentum. The price bars are above the 50-day SMA and the 21-day SMA which indicates that the index is capable of an upward move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, NAS100 is in a smooth uptrend. A bullish trend line is drawn showing the support levels of prices. The market has reached an overbought region of the market.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. It indicates the market is in the overbought region. Sellers are likely to emerge in the overbought region The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 is in a strong uptrend. The index has reached the overbought region. Further upward moves are doubtful. The Fibonacci has indicated that NAS100 is likely to rise to level 2.618 Fibonacci extensions or level 16059.88.


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