NAS100 Price Action Forecast: Nasdaq 100 Breakout Signals Further Upside

The NAS100 price forecast remains bullish after price showed a clear bullish rejection at the former weekly resistance level and broke above daily resistance.

The weekly chart is still showing a bullish trend, meaning NAS100 has generally been moving higher. Price is also trading above the 50 EMA, supporting the broader upward trend.

The weekly rejection shows that buyers have defended the former resistance level as support.

Meanwhile, the daily chart has already broken above the 30,540–30,750 resistance zone.

This creates an important question:

Can NAS100 hold the broken daily resistance as support and continue higher?

Key Takeaways

1. The weekly NAS100 trend remains bullish.
2. Price is trading above the weekly 50 EMA.
3. The weekly chart shows clear bullish rejection at former resistance.
4. The former weekly resistance is acting as support.
5. The daily chart has already broken above 30,540–30,750.
6. A successful daily retest could support another move higher.
7. 30,000–30,400 remains the key weekly support zone.
8. A confirmed breakdown below weekly support could bring 29,000 into focus.

NAS100 Weekly Chart: Buyers Defend Previous Resistance

Weekly Chart Price Action from September 28 - October 2, 2026

The weekly NAS100 chart maintains a bullish market structure.

During September 28 – October 2, 2026, price retested the former weekly resistance as support after previously breaking above it.

Current Weekly Chart Price Action. Price Rejected Weekly Support Level and Head and Shoulder Pattern

This week, price has already shown clear bullish rejection from that support level, indicating that buyers have stepped in and pushed price higher.

This reaction strengthens the view that the former weekly resistance is now acting as support, supporting potential bullish continuation.

Weekly chart observations:

1. Bullish market structure.
2. Price above the 50 EMA.
3. Previous break above weekly resistance.
4. Clear bullish rejection from former resistance, now acting as support.
5. Bullish rejection also confirmed at the inverted head and shoulders neckline.

Price has already shown clear bullish rejection from both weekly support and the inverted head and shoulders neckline. This shows that buyers have defended the overlapping area, strengthening the bullish continuation setup.

NAS100 Daily Chart: Price Has Already Broken Resistance

Daily Chart Price Action from September 28 - October 2, 2026

During September 28–October 2, NAS100 stalled within a consolidation range between 30,540–30,750 daily resistance and 30,000–30,400 weekly support.

Current Daily Chart Price Action. Price Breakout Above Consolidation Zone

This week, price has already broken above the daily resistance zone, showing a bullish breakout from the previous range.

The move indicates that buyers have pushed price beyond the upper boundary, supporting the bullish continuation outlook.

The next step is to watch whether 30,540–30,750 holds as support during a retest. A successful retest and bullish rejection would strengthen the breakout setup.

Daily chart observations:

1. Price has broken above 30,540–30,750.
2. The breakout supports the weekly bullish outlook.
3. The former daily resistance could become support.
4. A bullish rejection during a retest would add confirmation.
5. A move back below the zone could signal a failed breakout.

NAS100 Support and Resistance Levels

Support and resistance are areas where price has previously reacted.

Support is an area where buyers may become active.

Resistance is an area where sellers may become active.

Once price breaks above resistance, that same area can become support during a retest.

For NAS100, these are the key levels to watch:

NAS100 Bullish Scenario: Daily Retest Holds

Daily Timeframe Price Action Analysis. Bullish Bias Anticipation

The weekly chart has already shown bullish rejection, and the daily chart has already broken resistance.

The next confirmation would be a successful daily retest.

A break and retest means:

1. Price breaks above resistance.
2. Price returns to the broken level.
3. The old resistance holds as support.
4. Buyers push price higher again.

For NAS100, the area to watch is 30,540–30,750.

If price returns to this zone and forms a bullish rejection candle, it could show that buyers are defending the breakout.

A move above the nearby swing high would add further confirmation.

Bullish Confirmation Checklist:

Daily Timeframe Price Action Analysis. Bullish Stop-loss Placement

1. The weekly support area continues to hold.
2. Price remains above the weekly 50 EMA.
3. A daily candle closes above 30,750.
4. Price retests 30,540–30,750.
5. The zone holds as support.
6. A bullish rejection candle forms.
7. Price moves above the nearby swing high.

Bullish idea: Weekly bullish rejection → daily breakout → successful retest →

potential continuation higher.

If price continues higher without returning to the zone, the breakout may still extend. However, the retest setup would remain pending.

NAS100 Failed Breakout Scenario: Price Returns Below the Zone

A breakout does not always lead to a lasting move higher.

If NAS100 falls back below 30,540–30,750, traders should watch whether buyers can recover the zone.

A brief pullback into the area can be part of a normal retest.

The stronger warning would be a daily close below 30,540, followed by a failed attempt to move back above the zone.

This could bring 30,000–30,400 weekly support back into focus.

Losing the daily breakout zone would weaken the short-term bullish setup. The broader weekly outlook would then depend on whether weekly support continues to hold.

NAS100 Bearish Scenario: Weekly Support Breaks

Daily Timeframe Price Action Analysis. Bearish Bias Anticipation

The bearish scenario becomes stronger if NAS100 breaks below the 30,000–30,400 weekly support zone.

A close below 30,000 would show that price has moved beneath the entire zone.

After the breakdown, traders can watch for a retest.

If price returns to the broken support and sellers push it lower, the former support could become resistance.

Bearish Confirmation Checklist:

Daily Timeframe Price Action Analysis. Bearish Take Profit and Stop-loss Placement

1. Price breaks below weekly support.
2. A daily candle closes below 30,000.
3. Price retests the broken support from underneath.
4. Sellers reject the retest.
5. Price breaks below the nearby swing low.
6. 29,000 becomes a potential downside level.

A short-term wick below support would not automatically confirm a bearish reversal.

The stronger signal would be a close below support, followed by a failed retest and further selling.

Bearish idea: Weekly support breaks → close below 30,000 → failed retest → potential move toward 29,000.

Using the 50 EMA With Price Action

The 50 EMA helps traders identify the general trend.

On the NAS100 weekly chart, price trading above this moving average supports the bullish outlook.

However, the EMA alone does not confirm an entry.

Traders can combine it with:

1. Market structure.
2. Support and resistance.
3. Break and retest patterns.
4. Candlestick confirmation.

In this setup, the weekly rejection and daily breakout provide the main price action signals. The 50 EMA adds context to the broader trend.

Final Take

The NAS100 price forecast remains bullish, supported by clear weekly rejection at former resistance and a daily breakout above 30,540–30,750.

The next area to watch is the broken daily resistance.

If buyers defend it as support, the bullish continuation setup becomes stronger.

If price falls back below the zone, attention returns to 30,000–30,400 weekly support. A confirmed breakdown below that area could bring 29,000 into focus.

Watch the retest. Wait for confirmation. Let price show whether buyers can hold the breakout.

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