NAS100 Maintains Bullish Move Since April

NAS100 Analysis – May 11

NAS100 has maintained its bullish momentum since April 2025. Since early April, it has continued to ascend with measured confidence, driven by favorable momentum indicators. The 9-day SMA, positioned around $19,870, continues to rise and provides a dynamic support level during price retracements. This moving average acts as a responsive floor, encouraging buying interest on dips. Meanwhile, the Relative Strength Index currently hovers near 58.76 — staying above the midpoint without entering overbought territory. This suggests a healthy directional bias while preserving room for additional upward movement.

NAS100 Key Levels

Resistance Levels: $20,360, $22,140, $23,000
Support Levels: $18,320, $17,250, $16,330

NAS100 Long-Term Trend: Bullish

The long-term outlook continues to reflect a solid bullish trend, established following a significant market structure shift and a deliberate sweep of sell-side liquidity. Price surged from the $18,320 bullish order block, surpassing former supply at $19,600. Currently, price is consolidating just beneath $20,360 — a historically significant level — forming higher highs and shallow pullbacks, which are typical patterns in a sustained uptrend. Although this area could represent short-term distribution, it does not yet signal exhaustion.

A decisive breakout above $20,360 may trigger a surge toward $22,140 and potentially extend to $23,000, as the market seeks new liquidity zones. On the other hand, if price pulls back from this resistance, the $19,600 region — which contains residual imbalances — could act as a strategic level for renewed buying interest. As long as the $18,320 base remains intact, the broader bullish outlook is likely to persist. The current pattern suggests accumulation rather than reversal, preserving the technical potential for continued gains supported by forex signals.

NAS100 Short-Term Trend: Bullish

NAS100 continues to exhibit a bullish structure following a clear break of structure (BOS) above $20,000, reinforced by the 9-period SMA currently resting at $20,100. Price action is consolidating just below the $20,360 resistance zone, indicating possible accumulation ahead of a breakout.
A short-term retracement toward the $19,600 support or fair value gap (FVG) may present a buying opportunity. The RSI, currently at 53.69, reflects moderate bullish momentum and leaves space for further upward movement.

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