NAS 100 Price Action Forecast: Bearish Trend Keeps 26,000 in Focus

NAS 100 Price Action Market Narrative

The NAS 100 price forecast remains bearish following a sharp weekly decline and a break below daily support. The weekly and daily analysis shows bearish market structure, with price trading beneath both the 50-week EMA and 50-day EMA.

The main setup to watch is a retest of 26,715–27,185. If this former support zone becomes resistance and a bearish daily candle closes back below 26,715, further selling could extend the decline toward 26,000.

Alternatively, a daily close above the higher 28,490–28,960 resistance zone, followed by a successful retest as support, would bring 29,680 into focus.

Key Takeaways

1. Weekly and daily price action support a bearish bias.
2. 26,715–27,185 is the immediate resistance zone to watch.
3. Price remains below the weekly and daily 50 EMAs.
4. 26,000 is the downside objective after a confirmed bearish rejection.
5. 29,680 is the bullish objective after a confirmed break and retest above 28,960.

Red Folder Events: What High-Impact News Could Move NAS 100?

Key events to monitor include:

1. U.S. Inflation Data: CPI and PCE releases can shift interest rate expectations.
2. U.S. Non-Farm Payrolls: Employment data can influence expectations for Federal Reserve policy.
3. Federal Reserve Announcements: Rate decisions and policy commentary can affect market sentiment.

Check the Finlogix Economic Calendar for upcoming releases and scheduled times.

Watch how NAS 100 reacts around 26,715–27,185 after the news. A bearish close below the zone would support the continuation setup, while a sustained recovery above it would weaken the immediate bearish case.

Note: News can act as a catalyst, but both scenarios still require price confirmation at the marked levels.

NAS 100 Technical: What Does NAS 100 Price Action Show?

Weekly Chart: Strong Selling Brings 26,000 Into Focus

Weekly Chart Price Action Analysis: NAS 100 remains below the 50-week EMA following a sharp decline, with 26,000 as the next identified support area.

The sharp weekly decline shows strong selling pressure within the bearish structure. Price below the 50-week EMA adds support to this outlook.

1. Weekly market structure remains bearish.
2. The 50-week EMA remains above price.
3. 26,000 is the next identified support area.

This support level is a potential downside objective, although price could rebound before reaching it. Understanding how to identify support and resistance helps place that objective within the broader structure.

Daily Chart: Broken Support Could Become Resistance

Daily Chart Price Action Analysis: NAS 100 breaks below 26,715–27,185 and trades beneath the 50-day EMA, leaving former support as potential resistance.

NAS 100 has broken below 26,715–27,185. A recovery into this zone would test whether sellers now defend the area where buyers previously provided support.

1. Former daily support could become resistance on a retest.
2. Price remains below the 50-day EMA.
3. A bearish daily close below 26,715 after the retest would strengthen the continuation case.

A close inside the zone would leave the test unresolved. Combining the EMA indicator with price action analysis helps assess the trend alongside these price reactions.

NAS 100 Support and Resistance Levels to Watch

NAS 100 Price Forecast: Bearish and Bullish Scenarios

Bearish Scenario: Retest and Rejection Could Send NAS 100 Toward 26,000

Daily Timeframe Price Action Analysis: Bearish continuation requires a rejection of 26,715–27,185, a close below 26,715 and a break of the rejection candle’s low.

The bearish setup requires a recovery into 26,715–27,185, followed by evidence that sellers are defending the zone. An upper wick can show rejection, but a bearish close and downward follow-through provide stronger confirmation.

Bearish confirmation checklist:

Daily Timeframe Price Action Analysis: Conditional bearish objective at 26,000 following a confirmed resistance rejection and downward follow-through.

1. Price retests 26,715–27,185 from below.
2. A bearish rejection candle closes back below 26,715.
3. Price breaks the rejection candle’s low.

Use candlestick confirmation at key levels to assess whether the rejection aligns with the broader bearish structure.

Downside target: 26,000.

This target price is based on the next identified support area. A sustained recovery above 27,185, followed by a successful retest as support, would weaken the bearish setup.

Bullish Scenario: Reclaiming 28,960 Could Open a Recovery Toward 29,680

Daily Timeframe Price Action Analysis: Bullish confirmation requires a daily close above 28,960 and a successful retest of 28,490–28,960 as support.

The bullish alternative requires a larger recovery above the separate 28,490–28,960 resistance zone. Reclaiming the lower 26,715–27,185 zone alone would not confirm this scenario.

Bullish confirmation checklist:

Daily Timeframe Price Action Analysis: Conditional bullish objective at 29,680 after a successful break and retest, followed by a break of the bullish rejection candle’s high.

1. A daily candle closes above 28,960.
2. Price retests 28,490–28,960 from above.
3. A bullish rejection candle closes back above 28,960.
4. Price breaks the rejection candle’s high.

This break-and-retest pattern helps assess whether former resistance is becoming support.

Upside target: 29,680.

A daily close back below 28,490 would undermine the breakout. Waiting for confirmation can help assess a potential false breakout, although it cannot eliminate that risk.

Risk Management: Plan Beyond the Target

Before considering either scenario, define where the setup would become invalid. Assess the distance between the planned entry, stop loss and target to determine whether the potential reward fits your strategy.

Understanding how a stop loss works and applying appropriate position sizing helps keep the trade aligned with your planned risk.

Outlook Summary: What to Watch Next on NAS 100

26,715–27,185 remains the immediate zone to watch. A failed retest with bearish follow-through would support a potential decline toward 26,000.

Buyers first need to reclaim 27,185 to weaken that setup. The stronger bullish alternative requires a break and successful retest above 28,960, with 29,680 as the next conditional objective.

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