NAS100 maintains a bullish tone with upside targets in sight. The index has continued its upward trajectory, with price action consolidating above the $23,730 short-term moving average, confirming strong bullish momentum. Momentum indicators, particularly the MACD, remain supportive of buyers as histogram bars extend into positive territory. This alignment between trend and momentum reinforces the prevailing bullish sentiment and creates a solid setup for further price appreciation.
NAS100 Key Levels
Resistance Levels: $24,050, $25,000, $26,040 Support Levels: $23,000, $22,140, $20,360
NAS100 Long-Term Trend: Bullish
The index has defended the $23,000–$23,580 demand zone, where buyers stepped in to absorb selling pressure. The breakout above $24,050 signals the end of the recent consolidation phase and confirms the continuation of the uptrend. This bullish breakout from the highlighted rectangle pattern strengthens the market structure, with higher lows and higher highs maintaining price discipline.
Looking ahead, NAS100 is set to test the $25,000 psychological level, with intermediate resistance near $24,500. If bullish momentum continues, an extension toward $26,040 may be achieved in the medium term. On the downside, initial support sits at $23,730, while a deeper retracement would retest the $23,000 level. Overall, the path of least resistance remains skewed to the upside.
NAS100 Short-Term Trend: Bullish
NAS100 remains firm above $24,000, indicating sustained bullish momentum. The breakout from the descending trendline confirms renewed buying interest, with price comfortably supported within the $23,800–$23,980 demand zone.
The 9-period SMA continues to slope upward, aligning with positive MACD readings to strengthen bullish sentiment. Traders watching forex signals may target $24,500 as the next upside objective, while $23,800 remains key support for risk management.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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