NAS100 Analysis – November 9
NAS100 sustains its bullish drive from a key price base. The NAS100 index maintains a steady upward tone, holding above the 9-day Simple Moving Average positioned around $25,720. Market momentum indicators support this positive sentiment, with the MACD histogram narrowing after a recent bearish phase—indicating a decline in selling pressure. Overall, the index aligns with a medium-term bullish outlook as buyers gradually regain control following the recent correction from the $26,040 region.
NAS100 Key Levels
Resistance Levels: $26040, $27000, $28000
Support Levels: $25000, $24050, $23000
NAS100 Long-Term Trend: Bullish
From a technical perspective, price action has remained firm above the $25,000–$25,040 support zone, which corresponds with the 0.786 Fibonacci retracement level. This region has consistently served as a launch point for renewed upward movements, as reflected by the latest bullish candle response. The market’s ability to defend this structure highlights steady institutional accumulation, while short-term bearish momentum continues to fade amid ongoing profit-taking from previous advances.
Looking forward, NAS100 appears well-positioned for a potential climb toward the nearby resistance around $25,720 and possibly another retest of the $26,040 ceiling. A confirmed breakout above this level could strengthen bullish momentum, paving the way for an extension toward $27,000 and $28,000 in the medium term. Maintaining support above the $25,000 base remains essential for preserving this positive bias, as a drop below it might trigger brief consolidation rather than a full trend reversal, with recent forex signals suggesting ongoing buying pressure.
NAS100 Short-Term Trend: Bullish
NAS100 is showing early signs of bullish recovery as price rebounds from the $25,000 support region. The index has broken above the short-term descending trendline and is currently trading near the 9-period SMA around $25,140, reflecting renewed buyer engagement.
RSI has turned upward from the oversold region, indicating strengthening bullish momentum. If price maintains stability above $25,000, further upside toward $25,640 and $26,040 appears likely in the short term.
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