NAS100 Signals Emerging Medium Term Downside Risk

NAS100 Analysis – December 21

NAS100 signals emerging medium term downside risk. NAS100 is transitioning into a consolidation phase following a prolonged upward move, with key momentum indicators no longer confirming the strength observed earlier in the rally. Price action is fluctuating around the 9-day and 21-day moving averages near $25,300, both of which have started to flatten, indicating a loss of directional commitment. Meanwhile, the MACD is hovering close to its equilibrium line, reflecting fading upside momentum and increasing the probability of a broader trend adjustment.

NAS100 Key Levels

Resistance Levels: $26040, $27000, $28000
Support Levels: $24050, $23000, $22140

NAS100 Long-Term Trend: Bullish

From a technical perspective, the index has struggled to maintain acceptance above the downward-sloping resistance zone near $26,000, suggesting that supply continues to dominate at higher price levels. Recovery efforts have lacked follow-through, while the former support area around $25,500 has transitioned into an overhead resistance zone. The evolution from consistent higher highs to an emerging pattern of lower highs points to a gradual shift in control from buyers to sellers.

From a forward-looking standpoint, a decisive break below the $25,000–$24,900 region would likely expose the index to renewed selling pressure toward the $24,000 level, where earlier demand was established. Sustained weakness could extend the corrective move toward $23,600, with additional downside risk toward $22,100 over the medium term. Within this environment, rallies are increasingly viewed as corrective in nature and aligned with prevailing forex signals rather than indications of trend resumption.

NAS100 Short-Term Trend: Bearish

On the four-hour chart, NAS100 remains structurally bearish, with price trading beneath a descending trendline that continues to limit upside attempts near $25,600. The recent rebound has stalled within a defined four-hour supply zone around $25,500–$25,700, highlighting persistent selling interest on rallies.

Short-term moving averages are clustering below this resistance area, underscoring weak bullish momentum and limited upside continuation. Rejection from current levels keeps downside risk open toward $24,050 initially, with scope for a deeper move toward the $23,600 support zone.

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