NASDAQ100 Analysis: Bulls Regain Control, but Major Resistance Looms

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NAS100 for April 9, 2026.

Technical Analysis of NAS100

NAS100 Daily Chart Insight

• The chart shows an aggressive counter-trend rally currently fighting a major resistance level (the black MA). The trade setup is binary at this juncture: wait for a confirmed daily close above the black line to go long, or watch for a clear rejection signal at this level to short back toward the green moving average.
• Key Levels: On the upside, the immediate hurdle is the descending black moving average (approx. 24,900 – 25,100), which the price is actively testing. A break above opens the door to the 25,500 – 25,700 consolidation zone, and ultimately the major double-top resistance at 26,000 – 26,200 — the bulls’ primary target. On the downside, the first line of defense is the 24,100 – 24,300 zone, where the green and purple moving averages converge. Below that, minor swing lows at 23,600 – 23,800 offer interim support, while the critical floor sits at 23,000 – 23,200 — the origin of the current bounce — where a decisive break lower would invalidate the broader recovery.

NAS100 2-Hour Chart Analysis

• The short-term trend is decisively bullish. The current price action is a normal consolidation after an extreme move. The primary focus should be looking for technical signals indicating the pullback has exhausted itself to rejoin the upward trajectory.
• Breakout Scenarios: From here, three scenarios are in play. In the most immediately bullish case, price holds the purple moving average, prints a reversal candle on the H2 timeframe — such as a hammer or bullish engulfing — and the Stochastic curls back up, signaling the pullback is over and opening the door for a retest and breakout of the 25,100 highs. Alternatively, if price simply consolidates at current levels before aggressively pushing through 25,100, this momentum continuation confirms buyers remain in total control. A third, more neutral-to-bullish scenario involves a deeper correction — should price break decisively below ~24,700, a pullback toward the 24,100 – 24,300 major support zone becomes likely. Given the violence of the initial move up, this should not be viewed as a trend reversal, but rather a healthy return to the mean that offers a far better risk/reward entry for buyers aligned with the new moving average structure.

NAS100 Pivot Indicator

• The market is resting after a sprint. Traders should exercise patience here in “no man’s land.” The highest probability play is waiting to see how the price reacts when it intersects with the rising black moving average support level near 24,750.
• Bullish Continuation: The most standard technical expectation in a strong trend is that support will hold. If the price drifts down to touch the black moving average (~24,750) and forms a bullish reversal candlestick pattern (e.g., a hammer or bullish engulfing candle on the M30), it signals buyers have re-entered. Traders would look to enter long positions here, targeting a break back above the purple MA and a run toward the 25,000 highs.
• The Early Breakout (Aggressive Bullish): The market might not wait to touch the black MA. If the price suddenly spikes upward and achieves a decisive 30-minute close above the purple moving average (above ~24,900), it signals the pullback is prematurely over. This is a breakout entry for traders looking to catch the immediate resumption of the uptrend.
• Deeper Correction (Short-Term Bearish): If selling pressure continues and the price prints a strong, confirmed close below the black moving average (~24,750), the bullish continuation thesis is temporarily invalidated. This signals a deeper correction is underway. Short-term aggressive traders might look to short, targeting the “void” space down toward 24,600 or the green MA, while trend-followers would simply step aside and wait for a better buying opportunity lower down.

How to Navigate the Forex Market with Ultima Markets

To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey. For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.

Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets. Stay tuned for more updates and analyses from our team of experts at Ultima Markets.

—–

Legal Documents

Trading leveraged derivative products carries a high level of risk and may not be suitable for all investors. Leverage can magnify both gains and losses, potentially resulting in rapid and substantial capital loss. Before trading, carefully assess your investment objectives, level of experience, and risk tolerance. If you are uncertain, seek advice from a licensed financial adviser. Leveraged products are not intended for inexperienced investors who do not fully understand the risks or who are unable to bear the possibility of significant losses.

Copyright © 2025 Ultima Markets Ltd. All rights reserved.

Disclaimer

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.