NAS 100 Faces Market Resistance At The 15191.0 Key Zone

NAS 100 Analysis – Price Could Hold Lower Amidst Bullish Strength

Nasdaq faces market resistance at the 151910 key zone. The price has been on a strong bullish trajectory in the market, with buyers finding consistent buying opportunities. This has now led to the US100 facing market resistance at the 15191.0 key zone. This resistance zone hasn’t been tested since March 2022, but the bulls have been showing significant strength in recent months, which could potentially lead to the buyers finally breaking through the resistance.

US 100 Market Levels

Resistance Levels: 15191.0, 13719.0
Support Levels: 11811.0, 1.06660

NAS 100 Long-Term Trend: Bullish

However, there is also the possibility of the US 100 experiencing a temporary decline after its long bullish progress. The bulls have been in control for several months, but they will need to maintain their momentum if they are to overcome the resistance. If the buying pressure weakens, it could lead to a pullback for the US 100.
 
Traders have been eagerly awaiting the potential breakout of the 15191.0 key zone for some time now. The bulls have been pressing the market since the 10666.0 key zone, pushing prices to higher highs. However, the Stochastic Oscillator is accumulating around the overbought region, and the Parabolic SAR (Stop and Reverse) indicator is still trading high in bullish territory, indicating that the buyers may have reached a limit and there may be potential for a pullback.

US 100 Short-Term Trend: Bullish

It is crucial to note that traders should be prepared for either a breakout or a reversal. If the buyers can break through the 15191.0 key zone, there could be a surge in price, as the buyers have been building up momentum over the past few months. On the other hand, if the buyers are unable to break through, the market could see a reversal, and prices could drop.

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