NAS100 Sustains Uptrend Momentum Despite Temporary Pullback Phase

NAS100 Analysis – October 12

NAS100 sustains its uptrend momentum despite a temporary pullback phase. The index maintains its bullish outlook as price action continues to follow the prevailing upward trend, supported by the short-term moving average around $24,850. The consistent formation of higher highs and higher lows reinforces market optimism, while the MACD continues to indicate underlying buying pressure despite the latest correction. Overall, sentiment remains positive, with the index trading above key dynamic support zones that have historically attracted institutional accumulation.

NAS100 Key Levels

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

NAS100 Long-Term Trend: Bullish

From a technical perspective, the index experienced a sharp retracement from the recent high near $25,000, briefly testing lower support within the $24,000–$23,600 range. This area aligns with a previously established demand block, suggesting a potential rebound from this price zone. The overall structure remains solid as the market continues to trade above the critical psychological level of $23,000, implying that the current dip could represent a liquidity grab before a renewed upward push.

Looking ahead, NAS100 is likely to regain its bullish momentum once price consolidates above $24,500, targeting an initial resistance near $26,040. A sustained break above this level could pave the way toward the $27,000 region, marking a possible medium-term target. As long as the index maintains its stance above $23,000 and market fundamentals remain supportive, the bullish bias is expected to prevail in the upcoming sessions. Traders monitoring forex signals may find this setup useful for tracking potential continuation opportunities in global equity movements.

NAS100 Short-Term Trend: Bullish

The NAS100 is currently encountering short-term bearish pressure on the four-hour chart after a strong rejection from the $25,000 resistance level. Price has dipped below the short-term moving average near $24,960, signaling a temporary slowdown in momentum.

However, the zone between $24,100 and $23,800 coincides with the 0.5–0.618 Fibonacci retracement levels, which could serve as a strong demand region. A sustained rebound from this area may reignite bullish momentum toward the $25,200 mark.

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