NASDAG 100 (NAS100) Holds Above Level 14400, Reaches Bearish Exhaustion

11 October 2021 | Updated: 11 October 2021


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

NASDAQ 100 (NAS100) Long-term Trend: Bearish
Since September 7, NAS100 has been in a downtrend. The index has fallen to the low of 14356 as bulls bought the dips. The price corrected upward after falling to the low above level 14400. The upward correction was repelled at level 15000. The implication is that the selling pressure will resume. Meanwhile, on September 20 downtrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that NAS100 is likely to fall to level 2.0 Fibonacci extensions or level 13863.27. From the price action, the market reached the low of level 14400 and pulled back.

NAS100 -Daily Chart

Daily Chart Indicators Reading:
The index is at level 44 of the Relative Strength period 14. NAS100 is in the downtrend zone and capable of falling on the downside. The price bars are below the 50-day SMA and the 21-day SMA indicating the downtrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 4- hour chart, NAS100 is in a downward move. The index fell to level 14360 twice and resumed consolidation. If price breaks below the current support, the selling pressure will resume. Meanwhile, on October 4 downtrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that NAS100 is likely to fall to level 2.0 Fibonacci extension or level 13351.56.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 40% range of the daily stochastic. It indicates the market is in the bullish trend zone. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for NASDAQ 100 (NAS100)
Since October 4, NAS100 has been fluctuating above level 14400. The uptrend will resume if the current support holds. Meanwhile, the index is still trading in the downtrend zone. Presently, NAS100 is facing rejection at level 15000. The Fibonacci tool has indicated a possible fall at level 13351 or 13863

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NASDAQ 100 (NAS100) Reaches Oversold Region as It Pauses Above Level

5 October 2021 | Updated: 5 October 2021

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

NASDAQ 100 (NAS100) Long-term Trend: Bearish
NAS100 index has been in a downward move after reaching a peak price of level 15711. The market has declined to the bearish trend zone as bears broke below the moving averages. The selling pressure has been accelerated as price reached the low of level 14356. A further downward move is likely because of the rejection at level 14800. Meanwhile, on September 20 downtrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that NAS100 is likely to fall to level 2.0 Fibonacci extensions or level 13895.87.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 29 of the Relative Strength period 14. It indicates that the market has reached the oversold region. The implication is that selling pressure has subsided. Buyers are likely to emerge in the oversold region to push prices down. The price bars are below the 50-day SMA and the 21-day SMA indicating the downtrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 4- hour chart, NAS100 is in a downward move. The downtrend was accelerated after a rejection at level 15400. Meanwhile, on September 30 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that NAS100 is likely to fall to level 1.272 Fibonacci extension or level 14313.89 .

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is below the 20% range of the daily stochastic. It indicates the market has reached the oversold region. Also, the selling pressure is reaching bearish exhaustion. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 has reached an oversold region of the market. The downtrend is likely to subside. As buyers emerge, the upward move will resume. The market has started holding above level 14400.


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NASDAQ 100 (NAS100) Recovers From a Downtrend but Battles Resistance at Level 15300

26 September 2021 | Updated: 26 September 2021

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

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 index has resumed an upward move after it fell to the low of level 14800. The bullish momentum has broken above the 50-day SMA. The index is rising and approaching the 21-day SMA. A break above the 21-day SMA will propel the index to rise on the upside. Presently, NAS100 has risen to level 15311 at the time of writing.

NAS100- Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 50 of the Relative Strength period 14. It indicates that there is a balance between supply and demand. The index price is breaking the resistance line of the descending channel. If the candlesticks close above the resistance line, the uptrend will continue on the upside. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, NAS100 is in an uptrend. In the first uptrend, the index reached the high of level 15330 but was repelled. The market declined to level 15200 and resumed an uptrend. NAS100 is rising to retest the recent high. Meanwhile, on September 23 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.272 Fibonacci extensions or level 15448.27 .

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. It indicates the market has reached the overbought region. Also, the selling pressure is reaching bearish exhaustion. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 has recovered from the downtrend as price breaks above the 50-day SMA. Buyers have pushed the index to the high of level 15311. On September 6, buyers pushed the index to the high of level 15711 but were repelled.



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NASDAQ 100 (NAS100) Declines, Approaches the Previous Low at Level 14800

20 September 2021 | Updated: 20 September 2021

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

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 index is in a downward move as buyers fail to sustain above level 15700. The index price broke below the moving averages signaling the resumption of selling pressure. If the selling pressure persists, the index will reach the low of level 14800. In the previous price action, the index price retested level 14800 support twice and resumed upward.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 37 of the Relative Strength period 14. It indicates that NAS100 is in the bearish trend zone and capable of falling on the downside. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend. The price bars are below the moving averages which suggests a further downward move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, NAS100 is in a sideways move. The bulls failed to break above level 15700 resistance. Consequently, the market resumes a downward move. Meanwhile; on September 13 downtrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that NAS100 is likely to fall to level 2.0 Fibonacci extensions or level 15018.06.

NAS100- 4 Hour Chart

4-hour Chart Indicators Reading
The index has fallen below the 20% range of the daily stochastic. It indicates that the index has fallen to the oversold region. Also, the selling pressure is reaching bearish exhaustion. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.


General Outlook for NASDAQ 100 (NAS100)
NAS100 has resumed a downward move. The market is expected to reach the previous low at level 14800. However, according to the Fibonacci tool, NASDAQ 100 will reach level 2.0 Fibonacci extensions or level 15018.06.

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NASDAQ 100 (NAS100) Resumes Uptrend as It Looks Overbought

6 September 2021 | Updated: 6 September 2021

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 index has risen to level 15660 after breaking above the resistance at level 15200. However, since August 31, the upward moves have been stalled as the market resumed a sideways move below the resistance. The current upward move is doubtful as the market reaches the overbought region. Meanwhile; on July 26 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extensions or level 15562.54.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 70 of the Relative Strength period 14. The index has reached the overbought region. Further upward move is unlikely. Besides, we expect sellers to emerge in the overbought region. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend. The price bars are above the moving averages which suggest a further upward move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, NAS100 is in an upward move. The uptrend has been stalled as the market is characterized by small body candlesticks called Doji. These candlesticks indicate that buyers and sellers are undecided about the direction of the market. On the upside, if price breaks the recent high the market will rise to level 15900. Meanwhile; on August 31 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extensions or level 15930.06.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 75% range of the daily stochastic. It indicates that the market has reached the overbought region. The upward move is unlikely as the market reaches the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The index has resumed upward moves as it broke above the resistance at level 15200. The market has reached the overbought region, the current trend will soon reach bullish exhaustion.


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NASDAQ 100 (100) Reaches an Overbought Region, May Face Rejection

23 August 2021 | Updated: 23 August 2021

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is still in a sideways move below level 15200 since July. In August, buyers retested the resistance zone twice but were repelled. On August 17 retest, NAS100 fell to level 14800. Today, buyers are pushing the price to the resistance zone. Meanwhile; on July 26 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extensions or level 15553.79.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 57 of the Relative Strength period 14. It indicates that the market is in the bullish trend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways move below level 15200. On August 19, NAS100 fell level 14720 and resumed upward. Meanwhile; on August 19 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extensions or level 15553.79.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region. Sellers are likely to emerge, The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in a bullish momentum and it is trading at level 15123 at the time of writing. The index has reached the resistance zone for a possible rejection. Besides, the index has reached the overbought region of the market.

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NASDAQ 100 (NAS100) Unable to Break Level 15200 Overhead Resistance, May Resume Downtrend

16 August 2021 | Updated: 16 August 2021


Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 is in an upward move. The index trades below the 15200 overhead resistances. Today, buyers are facing rejection at the overhead resistance. Buyers have failed to overcome level 15200 since July. Meanwhile; on July 26 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extensions or level 15554.80.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
The index is at level 60 of the Relative Strength period 14. It indicates that the market is in the bullish trend zone and has room to rally on the upside. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways move below level 15200. The index is falling after rejection at level 15200. The downtrend will extend to the low of 14960 if price breaks below the moving averages. In previous price action, NAS100 fell to 14960 after rejection at the overhead resistance.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is below the 80% range of the daily stochastic. The index is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is a range-bound move below level 15200. The bulls are yet to break the resistance as the index falls. Presently, the market is in the overbought region. Sellers have emerged to push prices down. After the downward move, the index will resume its range-bound move.

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NASDAQ 100 (NAS100) Retraces to 15000 Support, May Resume Downward

8 August 2021 | Updated: 8 August 2021

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 upward move is facing rejection at level 15200. The upward move has been interrupted since July 26. On August 5, the bulls retested the resistance level but were repelled. In the previous rejection, the index fell to level 14800. In today’s rejection, the index is falling from the recent high. Meanwhile; on July 26 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extensions or level 15550.80 .

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 61 of the Relative Strength period 14. It indicates that the market is in the bullish trend zone and has room to rally on the upside. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in a sideways move below level 15200. On August 5, the resistance zone was retested as the index resumed downward. Since July 26, NAS100 has faced several rejections. The index is fluctuating between levels 14800 and 15200. Meanwhile; on August 2 uptrend a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 2.618Fibonacci extensions or level 15421.02.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is below the 80% range of the daily stochastic. The index is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is range-bound below level 15200. For the past month, NAS100 is trading between levels 14800 and 15200. The index will trend when the range-bound levels are breached.

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US Wall Street 30(US30USD) Struggles Below Level 35200, Uptrend Unlikely

3 August 2021 | Updated: 3 August 2021

Key Resistance Zones: 35000, 35500, 36000
Key Support Zones: 27000, 26500, 26000

US Wall Street 30 (US30USD) Long-term Trend: Ranging
US Wall Street 30 is in a sideways move below level 35200. Since July 26, the index has been fluctuating below the overhead resistance. The overhead resistance has not been broken since May 10. Meanwhile, on July 31, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the market will rise but reverse at level 1.272 Fibonacci extension or level 35508.40.

US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
The index is at level 55 of the Relative Strength Index period 14. It indicates that the index is in the uptrend zone above the centerline 50. The 21-day and 50 –day SMA are sloping upward indicating the uptrend. The price bars are above the moving averages which suggest a further upward movement of the index.

US Wall Street 30 (US30USD) Medium-term Trend: Ranging
On the 4-hour chart, the index is in a range bound move below the overhead resistance. The index is fluctuating between levels 34400 and 35200. The uptrend will resume if price breaks above the overhead resistance. The price action is characterized by small body indecisive candlesticks called Doji and Spinning tops.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is above the 50% range of the daily stochastic. It indicates that the market is in a bullish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for US Wall Street 30 (US30USD)
US30USD is in a sideways trend. The index is fluctuating between levels 34400 and 35200 price levels. According to the Fibonacci tool, the market will rise but reverse at level 1.272 Fibonacci extension or level 35508.40.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

NASDAQ 100 (NAS100) Struggles below Level 15000, Uptrend Likely

2 August 2021 | Updated: 2 August 2021

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 is still in an uptrend. The index price broke the previous resistance at level 15000 but could not sustain the upward move. Today, buyers are pushing the index to the previous high. A break above level 15000 will push the index to the high of level 15600. Meanwhile; on July 26 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extensions or level 15536.08.

NAS100 – Daily Chart

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

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in a sideways move below level 15000. On July 15, buyers have been struggling to break the resistance at level 15000. Meanwhile; on July 23 uptrend a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 2.0 Fibonacci extensions or level 15536.08.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is above the 70% range of the daily stochastic. The index is in a bullish momentum. The index is likely to rise. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in a sideways move since July 23. NASDAQ 100 will resume an upward move if price breaks above level 15000. According to the Fibonacci tool, the market will reach level 15536.

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Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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  • The Lowest Trading Costs
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  • Award-winning Cryptocurrency trading platform
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Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
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  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
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  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.