NASDAQ100 (NAS100) Exhibits Bearish Momentum With Possible Further Declines

NAS100 Analysis – January 19

NAS100 exhibits bearish momentum with possible further declines as the price keeps respecting the falling trendline. The Moving Average Convergence Divergence (MACD) indicator signals a bearish outlook, with its line crossing below the signal line and the histogram reflecting negative values, indicating waning market momentum. Additionally, the 9-period and 21-period Moving Averages (MA) have formed a bearish crossover, suggesting sellers are dominant. The price’s position below these MAs reinforces a bearish sentiment, pointing to potential further downward movement.

NAS100 Key Levels

Resistance Levels: $22140.0, $24050.0, $26040.0
Support Levels: $19920.0, $18320.0, $17250.0

NAS100 Long-Term Trend: Bearish

Recent price action shows the NAS100 forming a descending trendline from $22,140.0 to $21,490.0. The break below the upward trendline in November marked the onset of a bearish phase. Repeated rejections at this trendline have resulted in lower highs, confirming the bearish market structure. The diagonal resistance continues to limit upward movement, strengthening the bearish perspective.

Based on technical indicators and price trends, the NAS100 is expected to maintain its downward trajectory toward the $19,920.0 support level. A breakdown below this level could lead to further declines toward $18,320.0 or $17,250.0 if selling pressure increases. However, any short-term bullish retracements will likely encounter resistance around $22,140.0.

NAS100 Short-Term Trend: Bearish

In the short term, the NAS100 continues to face bearish pressure, with the price being rejected near the supply zone at $22,140.0, which aligns with the descending trendline. The 9-period and 21-period Moving Averages signal sustained bearish momentum as the price remains below these key levels. The MACD also reflects weakening bullish attempts, indicating the potential for further declines.

Traders keeping an eye on forex signals alongside traditional market indicators may find opportunities to capitalize on the prevailing trends.

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