NAS100 Builds Upward Momentum Toward Higher Price Zones

NAS100 Analysis – June 8

NAS100 is building upward momentum toward higher price zones. The index is currently maintaining a strong upward trend, with indicators reflecting sustained bullish sentiment. The 9-day Simple Moving Average (SMA), positioned near $21,520, continues to offer dynamic support beneath the price action. The MACD, although showing slight signs of flattening, remains above the signal line, indicating that buying momentum still dominates. While a minor slowdown in momentum could occur in the short term, the overall alignment of indicators supports continued gains.

NAS100 Key Levels

Resistance Levels: $21,400, $22,140, $23,000
Support Levels: $20,360, $18,320, $17,250

NAS100 Long-Term Trend: Bullish

The price structure on the chart shows that NAS100 has clearly surpassed the former resistance level around $21,400, which is now acting as solid support. The sharp rally from the $20,360 area marked a significant bullish shift, further validated by the breakout above $21,400. The zone around $20,740 served as a key demand area that ignited the most recent surge in buying interest. Current consolidation near $21,780, forming above the previous resistance, reflects healthy market behavior in a rising trend.

NAS100 remains well-positioned to test the next significant resistance near $22,140. A successful breakout beyond this level could pave the way toward $23,000, a major psychological milestone. If a retracement occurs, the $21,400 and $20,740 zones are expected to attract renewed buying interest. Barring any major disruption, the index seems set to maintain its upward trajectory in the coming weeks. Investors may find forex signals useful during such periods of consistent market movement.

NAS100 Short-Term Trend: Bullish

NAS100 continues to exhibit bullish strength on the four-hour chart, with price firmly held above the 9-period SMA near $21,670, indicating sustained upward momentum. The MACD line remains elevated above the signal line, emphasizing a continued bullish outlook despite brief consolidation.

A break of structure above $21,495 confirms bullish dominance, with the $21,400 order block offering strong support. The next potential move targets $22,140, while $21,400 remains a critical level in the event of pullbacks. 

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

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