NAS100 Market Update: Key Levels and ProjectionsThe Nasdaq 100 (NAS100) is continuing its bullish run but is approaching critical resistance areas where a correction may occur. Here's a quick overview of key levels:
Strong Sell Zone: 22,233 - 21,052
Expect potential pullback as the index nears this resistance. This zone is likely to trigger a price correction, offering short-term selling opportunities.
Strong Buy Zone: Below 18,297
This major support level offers a favorable buying opportunity if the market pulls back. Buyers are expected to step in aggressively here, supporting the next bullish move.
Current Price: 20,338.7
NAS100 is approaching resistance after breaking above 19,600 support. Continued upward momentum is likely, but a correction could follow once resistance is tested.
Support and Resistance Levels:
Resistance: 22,233 - 21,052 (Strong Sell Zone), 20,800 - 20,600 (minor).
Support: 19,600 - 19,400, 18,800 - 18,600, 18,297 (Strong Buy Zone).
Outlook
A pullback is expected near 22,233, with support at 18,297 as a key level for the next bullish phase.
Share your thoughts in the comments, and don’t forget to boost this post if you agree with my analysis.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please do your own research before making any trading decisions.
