NAS100 Builds Upward Traction As Buyers Regain Control

NAS100 Analysis – November 23

NAS100 builds upward traction as buyers regain control. The index is beginning to reestablish bullish intent as price responds constructively to deeply compressed stochastic readings and gradually climbs back above the short-term moving average near $24,860. This renewed alignment between strengthening momentum signals and early structural recovery suggests that buyers are steadily regaining control after the recent decline. Market sentiment is shifting as investors show a growing willingness to accumulate at discounted levels, reinforcing the potential for sustained upward progression.

NAS100 Key Levels

Resistance Levels: $26040, $27000, $28000
Support Levels: $24050, $23000, $22140

NAS100 Long-Term Trend: Bullish

Structurally, the index has rebounded strongly from the $23,580–$24,050 demand region, producing a notable rejection candle that signals increasing buying strength. Price is now approaching the descending trendline drawn from earlier monthly highs, a technical barrier that, once surpassed, could trigger a broader continuation of the recovery. The rebound also emerges from an area previously shaped by consolidation, indicating that deeper-liquidity participants may be defending this region as a strategic accumulation zone.

Forward expectations point toward a potential break above $24,860, which would open a pathway toward the $26,040 supply zone. Sustained movement above this area could drive price toward $27,000, with additional bullish extension allowing NAS100 to challenge the wider $28,000 region. Overall, the chart outlook supports the development of a bullish cycle, provided the $23,580 support level continues to hold.

NAS100 Short-Term Trend: Bullish

NAS100 is turning bullish on the four-hour timeframe as price rebounds sharply from the $24,050–$23,980 support region. Buyers have reacted strongly at this zone, pushing candles back above the 9-period SMA and signaling a shift in short-term sentiment. The Stochastic Oscillator is rising from oversold conditions, reinforcing renewed upward momentum. If this progression continues, price may target the $24,690 zone and potentially retest the $26,040 resistance area, offering valuable insight for traders monitoring forex signals.

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