NAS100 Faces Strong Bearish Pressure Amidst Rejection From Supply Zone

NAS100 Analysis – March 30

NAS100 is under strong bearish pressure following rejection from the supply zone. The 9-period SMA (Simple Moving Average) is currently positioned at $19,790, with NAS100 trading below it, confirming a bearish trend. The MACD (Moving Average Convergence Divergence) histogram is in negative territory at -380.40, with the signal line also below zero, reinforcing downward momentum. The sharp decline from recent highs suggests increased selling pressure, with the SMA now acting as resistance instead of support.

NAS100 Key Levels

Resistance Levels: $20,650, $22,140, $23,000
Support Levels: $19,120, $18,320, $17,250

NAS100 Long-Term Trend: Bearish

Price action shows that NAS100 was rejected at the $20,650 level, which corresponds to a bearish order block. The inability to break above this zone led to a sharp decline to $19,230. The presence of a large bearish candle confirms aggressive selling, with $19,120 as the next immediate support.
If the downtrend continues, the next significant support levels are $18,320 and $17,250. The overall trend remains bearish unless NAS100 reclaims $20,650 as support. However, a potential pullback could occur if the price finds support near $19,120. Should the index drop further below $18,320, $17,250 would be exposed, signaling a substantial correction.

NAS100 Short-Term Trend: Bearish

NAS100 continues to confirm a strong bearish trend, trading below the 9-period SMA at $19,690. The sell-off intensified after price rejection at the $20,650 supply zone, breaking below the rising support line. The MACD indicates increasing negative momentum, with the signal line trending lower and the histogram at -130.04. If the decline persists, the next critical support levels to monitor are $19,120 and $18,320. Traders may consider using forex signals to navigate the ongoing volatility in the market.

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