NAS100 Extends Decline As Bearish Pressure Intensifies

NAS100 Analysis – April 6

NAS100 extends its decline as bearish pressure intensifies. The index continues to slide as selling momentum gains traction. Technical indicators, especially the MACD (Moving Average Convergence Divergence), highlight the strength of the ongoing downtrend. The MACD line remains well below the signal line, while the growing negative histogram bars indicate a deepening bearish move. Current MACD readings, with the MACD line around -427 and the signal line near -149, confirm a strong downward phase. At the same time, the 9-day Simple Moving Average (SMA) is steadily declining and sits around $19,210—well above current price levels. This gap illustrates the market’s bearish bias and underscores the dominance of sellers.

NAS100 Key Levels

Resistance Levels: $19,120, $20,650, $22,140
Support Levels: $18,320, $17,250, $16,500

NAS100 Long-Term Trend: Bearish

The market experienced a clear change of character (CHoCH) around the $20,550 level, followed by a rejection from a bearish order block near the same zone. The price dropped sharply below this level and continued through the $18,320 support, establishing another bearish order block at the previous high of $19,120. The latest bearish candlestick confirms heightened selling pressure. Another major support can be found around $17,250.
Looking forward, if bearish momentum persists, the next key support area lies near $16,500, aligning with a previous consolidation zone. A slight pullback could occur toward the $18,320 region, but unless the price climbs back above $19,210, the bearish trend remains dominant. In general, NAS100 seems poised for further decline, and any bullish attempts may struggle to gain traction under current market conditions.

NAS100 Short-Term Trend: Bearish

NAS100 maintains a bearish structure on the 4-hour chart, forming consistent lower highs and lower lows. A sharp rejection from a bearish order block near the $20,550 level triggered renewed downward momentum.
The 9-period SMA is trending lower and acting as dynamic resistance. The MACD reinforces the prevailing bearish strength, with both lines positioned deep in the negative zone and no signs of an imminent reversal. For traders seeking a timely forex signal, this ongoing bearish trend may offer opportunities if price action confirms continuation patterns around key levels.

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