NAS100 Set To Extend Rally After Bullish Breakout Validation

NAS100 Analysis – May 4

NAS100 is poised to extend its rally following confirmation of a bullish breakout. The index is displaying renewed strength after validating a move to the upside. The 9-day Simple Moving Average (SMA) now has a positive slope and is positioned around $19,330, serving as dynamic intraday support. At the same time, the Moving Average Convergence Divergence (MACD) indicator reflects strong bullish momentum — the MACD line is situated well above the signal line and is trending upward, while expanding histogram bars confirm increased buying interest. This combination of technical signals reinforces the probability of continued 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

Price action continues to support the bullish outlook. After establishing a higher low near $18,320, the index underwent a Market Structure Shift (MSS) and created a bullish Fair Value Gap (FVG), which remains unfilled, backed by strong price continuation. A decisive close above $19,270 has cleared the path toward the $20,360 resistance zone. This breakout from prior consolidation, along with increasing momentum and evolving structure, confirms the prevailing bullish trend.

If the index holds above $19,890 and successfully breaks through $20,360, upward targets at $22,140 and potentially $23,000 become viable, depending on sustained momentum. In the event of a minor pullback, areas around $19,270 or $19,330 could act as support before another potential surge. The bullish path remains valid as long as price stays above the $18,320 support base. Traders relying on forex signals may find opportunities aligned with this momentum.

NAS100 Short-Term Trend: Bullish

On the 4-hour chart, NAS100 continues to show bullish momentum, with price action comfortably holding above the 9-period SMA, currently near $19,830 and functioning as short-term support. A recent upward move from the Fair Value Gap (FVG) around $19,270 indicates ongoing demand at that level.
The market structure remains consistent following the MSS, with price consolidating just below the $20,360 resistance — suggesting a potential breakout to the upside. The MACD stays in bullish territory, supporting the continuation of upward momentum in the near term.

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