Nasdaq (NAS100) Eye Solid Bear Push

Market Analysis – October 25

Nasdaq (NAS100) eye solid bear push to yield strength downward this time. The sellers are resolute in their aim to pull prices lower, setting their sights on the crucial 14480.00 market zone. This battle for market dominance has persisted for months, with sellers regaining control after a brief stint that saw prices reach the 15305.00 key level. Market activity has remained stagnant within the 15305.00 and 14480.00 key zones. This side-way market could eventually strengthen traders’ resolve.

Nasdaq (NAS100) Key Levels

Resistance Levels: 15956.00, 15035.00
Support Levels: 14480.00, 13131.00

Nasdaq (NAS100) Long-Term Trend: Bearish

With the current surge in selling interest, there is potential for a deeper bearish trend, extending down to the significant level of 13782.20. If sellers can successfully break below this level, it could influence market behavior throughout the week.

The Parabolic SAR (Stop and Reverse) indicator is currently showing a lack of a definitive trend in the market. Meanwhile, the Stochastic indicator continues to favor the sell trend, indicating a strong selling interest among traders.

Nasdaq (NAS100) Short-Term Trend: Bearish

As we enter this week, the selling pressure may intensify, potentially leading to a breakthrough in the market. Traders should remain vigilant for potential shifts in the market. However, should they fail to exert the necessary pressure, we might see buyers attempt to alter the market’s course. Nevertheless, the potential for a break below the 14480.00 significant level is becoming increasingly visible. Traders can anticipate the move for a downpour.

 

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