NASDAQ100 (NAS100) Currently Exhibits a Pronounced Bearish Trajectory

NAS100 Analysis – April 13

The NAS100 index is currently demonstrating a clear bearish trajectory as it trades below key resistance levels. Technical analysis reveals that the 9-day Simple Moving Average (SMA), which is sloping downward, now acts as a dynamic barrier near the $18,300 level. Continued trading below this SMA indicates a lack of bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) indicator confirms this sentiment, with its main line notably trailing the signal line. Collectively, these technical signals imply sustained short-term selling pressure.

NAS100 Key Levels

Resistance Levels: $19120, $20650, $22140
Support Levels: $18320, $17250, $16500

NAS100 Long-Term Trend: Bearish

A notable shift in market dynamics has occurred following the price’s failure to break above the $22,140 resistance level, resulting in the formation of lower highs and lower lows. A bearish order block within the $20,550–$20,650 range significantly hindered upward movement, prompting a sharp return to the downward trend. The ongoing formation of lower highs is further validated by a descending trendline, with current price action struggling to breach the $19,120 resistance level, which aligns with the SMA—effectively suppressing bullish attempts.
Given the strong rejection within the $18,300–$18,320 zone and the continuous inability to break above the descending trendline, the outlook remains decisively bearish. Market expectations point toward a potential decline to the $17,250 support level, with the possibility of a deeper retracement to $16,500 if that level fails to hold. This persistent bearish structure is likely to continue unless a clear upward breakout above $19,120 occurs, which is not currently supported by the existing momentum indicators or forex signals.

NAS100 Short-Term Trend: Bearish

In the short term, NAS100 maintains its bearish posture, consistently forming lower highs beneath the descending trendline. The index remains below the 9 SMA, and recent rejections at the trendline further affirm the ongoing downtrend. Although the MACD histogram shows a slight decrease in bearish intensity, suggesting waning bullish momentum, the overall technical setup indicates that the price is likely to move toward the $17,250 support level.

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