NAS100 Rejects Key Zone Signals Imminent Bearish Reversal Ahead

NAS100 Analysis – June 1

NAS100 rejects a key zone and signals an imminent bearish reversal. The NAS100 daily chart reveals clear bearish indicators from technical analysis. The price has fallen below the 9-day Simple Moving Average (SMA), currently near $21,250, indicating the early stages of a potential trend reversal. The Relative Strength Index (RSI) is retreating from overbought levels and is now approximately 62.27, highlighting a decline in bullish momentum. Together, these indicators suggest weakening upward pressure and a possible developing downside correction.

NAS100 Key Levels

Resistance Levels: $21,400, $22,140, $23,000
Support Levels: $20,360, $18,320, $17,250

NAS100 Long-Term Trend: Bearish

The index reached a significant supply zone between $21,400 and $22,140, aligning with a previously identified order block and fair value gap (OB + FVG). Price was unable to close above this area, forming rejection wicks and initiating a reversal. The subsequent bearish candles confirm selling pressure. This zone now acts as a strong resistance, having repelled multiple bullish attempts and reinforcing the broader pattern of lower highs since March’s peak.

Looking ahead, bearish momentum is likely to strengthen. A breakdown below the $21,250 SMA support level could lead the price toward the next demand area around $20,360. If downward pressure persists, further targets lie at $18,320 and potentially $17,250. This projection fits with the expected retracement phase, driven by fading bullish momentum and a shift toward lower value regions. Buyers should exercise caution, while sellers may consider current levels for tactical positioning, particularly those relying on forex signals.

NAS100 Short-Term Trend: Bearish

On the four-hour chart, NAS100 is trading below the 9-period SMA, reinforcing the short-term bearish outlook. Price was rejected from the FVG zone and has not managed to reclaim the $21,400 resistance level.

RSI is trending downward and is currently around 49, reflecting a decline in bullish strength. A decisive break below $21,300 could trigger a move toward the $20,360 demand zone.

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