NAS100 Continues Bearish Pressure After Failed Bullish Recovery Near Resistance

NAS100 Analysis – April 20

NAS100 continues to face bearish pressure following a failed bullish recovery near a key resistance level. The 9-day Simple Moving Average (SMA) has turned downward, now serving as dynamic resistance and capping recent bullish attempts. The MACD (Moving Average Convergence Divergence) indicator remains in bearish territory, with the signal line still trailing below the MACD line and no clear bullish crossover in sight. This indicates a sustained bearish momentum. Although there are minor positive histogram bars, the overall trend remains weak, suggesting that the rally lacks the strength for a sustained recovery.

NAS100 Key Levels

Resistance Levels: $19,120, $20,650, $22,140
Support Levels: $18,320, $17,250, $16,330

NAS100 Long-Term Trend: Bearish

Price action confirms a clear change of character (CHoCH) after the sharp rejection from the $20,550 level, which coincides with a bearish order block near $19,120. The recent bullish retracement was halted precisely at this supply zone, resulting in a sharp pullback below the $18,340 level. The market structure has shifted to lower highs and lower lows, reinforcing the prevailing bearish trend alongside strong resistance levels. Continued failure to maintain levels above $18,340 highlights increasing selling pressure in that region.
Looking forward, NAS100 is likely to encounter further downside pressure if it fails to reclaim $18,340. A break below the minor support at $17,250 could pave the way for a deeper decline toward $16,330. Should bearish momentum intensify, the price may even approach the $15,500 region in the coming weeks, a move that could be of particular interest to traders monitoring forex signals.

NAS100 Short-Term Trend: Bearish

NAS100 is currently trading below the 9-period SMA, which is now sloping downward—an indication of continued short-term weakness. Price was decisively rejected at the $19,120 order block and has since failed to retake that level, further confirming the bearish structure.
MACD shows a bearish crossover, with the histogram in decline, signaling that momentum continues to favor the downside. If price breaks below the $18,000 zone, further downside movement toward $17,250 and possibly $16,330 could follow.

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