NAS100 Extends Northward Trajectory With Reinforced Bullish Configuration

NAS100 Analysis – September 28

NAS100 extends its northward trajectory with a reinforced bullish configuration. The index has maintained its upward course, with price activity consolidating above the 9-day SMA positioned close to $24,540.

This structure signals sustained upward momentum as indicators, particularly the MACD, remain in favorable territory. Broader sentiment leans positive, suggesting that investors continue to maintain exposure to risk assets while the index secures gains beyond previous congestion zones.

NAS100 Key Levels

Resistance Levels: $25000, $26040, $27000
Support Levels: $24050, $23000, $22140

NAS100 Long-Term Trend: Bullish

Technically, the index has shown resilience in holding critical demand thresholds, with strong rebounds observed around $23,000 and $24,050, reinforcing market conviction. Recent price action highlights persistent buying interest, as corrective dips into liquidity pockets have been met with renewed accumulation. The continuing pattern of higher highs and sequential lows underscores a structured advance that supports the prevailing bullish bias.

Looking ahead, NAS100 retains the potential to challenge the $25,000 psychological level, which could trigger stronger momentum if decisively breached. A breakout above this barrier may propel valuations toward $26,040, identified as a mid-range upside objective. Should short-term hesitation occur, underlying supports near $24,050 remain reliable, safeguarding the integrity of the broader bullish framework.

NAS100 Short-Term Trend: Bullish

NAS100 is sustaining bullish momentum with price trading above the 9-period SMA near $24,500. Buyers defended the $24,200 order block zone, initiating a rebound that confirms strong underlying demand. The MACD is turning positive, further supporting expectations of continued upward movement. A decisive push higher could see price test the $25,000 resistance in the near term, a scenario that traders may monitor closely with forex signals for timely confirmation.

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