NASDAQ100 (NAS100) Shows Steady Bullish Trajectory Supported By Technical Momentum

NAS100 Analysis – August 17

NAS100 maintains a steady bullish trajectory supported by technical momentum. The index has consistently traded above the 9-day SMA, currently positioned near $23,570. The Relative Strength Index (RSI) hovers around 60, indicating healthy bullish momentum while avoiding overbought conditions. This alignment of trend and momentum indicators highlights a market environment where buyers remain in control, reinforcing the broader bullish bias.

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 recently broke through resistance around $23,010 and has now established this area as a new demand zone. The short-term consolidation near $23,700–$23,800 reflects a pause in the market, allowing momentum to reset before the next upward move. The presence of an order block around $23,000 provides additional structural support, while higher lows continue to strengthen the market’s bullish structure.

Looking forward, if buying pressure persists, NAS100 is expected to test the $24,050 resistance level in the short term. A breakout above this level could pave the way toward $25,000, with further upside potential to $26,040 if momentum accelerates. On the other hand, a corrective pullback toward $23,000 is possible, but as long as this support holds, the overall bullish trend remains intact.

NAS100 Short-Term Trend: Bullish

Currently, NAS100 is consolidating after pulling back from the $24,050 resistance, with price holding above the $23,200 demand zone. The 9-day SMA near $23,800 is acting as dynamic resistance, but the overall market structure remains bullish.

RSI is positioned around mid-levels, suggesting room for further upside as momentum strengthens. A rebound from the $23,000–$23,200 order block could trigger a move toward $24,050 and eventually $25,000. For traders, monitoring forex signals alongside technical setups may help identify favorable entry points within this bullish framework.

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