NAS100 Shows Renewed Momentum Toward Key Resistance Levels

NAS100 Analysis – October 19

NAS100 shows renewed momentum toward key resistance levels. Strong market confidence is reflected in the sustained upward momentum as NAS100 consolidates above the 9-day Simple Moving Average (SMA) at $24,790. The Moving Average Convergence Divergence (MACD) indicator displays narrowing histogram bars, signaling a potential bullish crossover as buying pressure builds. Despite occasional profit-taking, the index continues to maintain higher lows, indicating resilient market sentiment and sustained bullish strength.

NAS100 Key Levels

Resistance Levels: $25,000, $26,040, $27,000
Support Levels: $24,050, $23,000, $22,140

NAS100 Long-Term Trend: Bullish

Price action has successfully reclaimed the $24,050–$23,580 support zone, marking it as a key accumulation region. The ascending trendline remains intact, providing dynamic support and reinforcing the persistent buying interest. The psychological $25,000 mark now stands as a crucial short-term resistance level, while the ongoing recovery aligns with the broader bullish structure that has persisted since May.

NAS100 is expected to break above the $25,000 resistance and advance toward $26,040, with the potential for an extension beyond $27,000 if bullish momentum continues. Sustained trading above the moving average and trendline may strengthen buyer confidence and attract additional institutional participation. Before the next upward phase unfolds, a temporary pullback toward $24,050 could offer renewed buying opportunities for traders monitoring forex signals and other growth-oriented positions.

NAS100 Short-Term Trend: Bearish

NAS100 is currently trading around $24,890 after encountering resistance near the $25,000 zone, defined by a 4-hour order block. Although price remains above the ascending trendline, weakening momentum and a flattening 9-period SMA indicate possible short-term fatigue.

The MACD histogram continues to contract, suggesting a decline in buying strength. A retracement toward the $24,680 or $24,050 support levels may occur before the next bullish continuation develops.

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