NAS100 Sustains Uptrend Momentum With Strong Technical Confirmation

NAS100 Analysis – August 10

NAS100 continues to maintain uptrend momentum, supported by strong technical confirmation. The index preserves its bullish structure as price action aligns with key technical indicators.

The daily close above the 9-day SMA, currently around $23,280, reinforces prevailing market strength and consistent buyer interest. MACD readings remain positive, with the histogram reflecting steady, albeit moderate, bullish momentum. This alignment between price action and momentum indicators signals resilient market sentiment and encourages further accumulation at higher levels.

NAS100 Key Levels

Resistance Levels: $24,050, $25,000, $26,040
Support Levels: $22,140, $20,360, $18,320

NAS100 Long-Term Trend: Bullish

Technically, the index has rebounded strongly from the $23,000 support zone following a brief retest, reclaiming ground above $23,280 with decisive candlestick conviction. Holding above this threshold reflects strong demand absorption, while the $24,050 resistance stands as the next immediate barrier. The previous rejection at this level in July has been met with renewed buying activity, indicating market confidence in the durability of the rally.

Looking forward, a clean break above $24,050 could set off a rapid advance toward $25,000, with $26,040 as an extended target if bullish momentum accelerates. Any retracement is likely to find support at $23,280 and $23,000, now acting as key accumulation zones. Overall, the broader market structure supports continued upward movement, with buyers retaining control in the near term. Traders following forex signals may view these price levels as important reference points for trade planning.

NAS100 Short-Term Trend: Bullish

On the four-hour chart, NAS100 maintains its bullish stance in fractals. While a short-term pullback is possible, as the RSI indicates overbought conditions, such a retracement is likely to stall once price re-enters the bullish order block.

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