Nasdaq (US100) Buyers Drop as Sellers Hint At a Return

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Market Analysis- March 25th

US100 buyers drop as sellers hint at a return to the consolidation market. The buyers had been riding high, trading up to the significant level of 18,453.000. However, this key area has proven to be a challenge for the buyers, as they have lost the fight this month. Despite attempts from the bulls to break through, no recent breakthrough has been observed. . 

Nasdaq (NAS100) Key Levels

Resistance Levels: 18453.000, 17800.000 
Support Levels: 17286.000, 16536.000

Nasdaq (NAS100) Long Term Trend: Bullish

The US100 price is currently expected to be tied down to a consolidation phase for the upcoming week. This phase signifies a period of price consolidation, where the market is in a state of equilibrium, neither favoring the buyers nor the sellers.

During this phase, the price tends to move within a specific range, in this case, between the 18,553.000 and 18,094.000 key levels. Traders need to be cautious and deliberate in their approach during this phase, as it can be challenging to identify clear trends or make significant gains.
 
Due to the heavy consolidation in the current market, the Parabolic SAR is lacking a clear trend. This indicates that the price is stuck in a consolidation phase, making it difficult to determine the direction of the market. 

Nasdaq (NAS100) Short-Term Trend: Bearish

Recent market conditions have seen bears make a comeback. The bears are traders who believe that the price of an asset will decrease, and they take positions accordingly. With the consolidation phase in place, the bears are once again piercing back into the scene.

However, it is important to note that despite their return, there has not been any sign of a serious reversal insight. The buyers are still fighting for a breakout at the 18,453.000 key level, indicating their determination to hold their ground.
 
Navigating the market during a consolidation phase can be challenging for traders. However, with the right forex signals, losses can be controlled, and traders can make informed decisions.

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