NAS100 fades 28531 as bearish trend grips short-term tape
Nasdaq 100 trades near 28522 with 1H and 4H trends both pointing lower and RSI compressed; sellers hold the edge while price remains below the 29094 EMA cluster.
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Key takeaways
- Short-term trend is down on 1H and 4H; daily is neutral, leaving alignment mixed.
- NAS100 faded from 28531.95 high, down over 5% on the week with volatility elevated.
- 28822.7 resistance caps rallies; a close above it invalidates the bearish bias.
NAS100 is struggling to find footing beneath a heavy EMA shelf, and the short-term trend structure is doing the sellers' work for them.
The index posted a modest 0.32% gain on the session, but the intraday range tells the real story: a 28227.25 low followed by a grind toward 28531.95 before fading back to current levels near 28522. The week-on-week picture is considerably softer, with the index off more than five percent from last week's close, and no fresh news catalyst has emerged to shift that positioning.
The tape argues for continued bearish pressure. Price trades well below EMA20 and EMA50, which converge near the 29094–29518 zone and form a formidable overhead supply band. The daily trend has not yet confirmed the short-term weakness, leaving alignment mixed across timeframes, but RSI sits compressed and volatility is elevated — conditions that favour continuation rather than reversal for a momentum-driven desk. The nearest resistance at 28822.7 has absorbed buying interest, and without a catalyst to flush shorts, that level is likely to hold.
We lean short and look to sell rallies into the 28522–28822.7 zone. A daily close above 28822.7 invalidates the bearish setup and reopens the path toward 29027.7.
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