NAS100 Analysis: Nasdaq100 May Have a False Breakout

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NAS 100 for May 30, 2025.

Fundamental Analysis of NAS 100NAS 100 Key Takeaways

• Trump tariffs have twists and turns: Overnight, the Trump administration won back a city. The U.S. Court of Appeals resumed the implementation of the Trump administrations tariff policy. Although the Trump team regarded the temporary order of the Court of Appeal as a “victory”, there are lingering concerns within the White House that the Court of Appeal may eventually support the original ruling.

• Trade negotiations may be deadlocked: In the very short term, this will definitely undermine the negotiations. Why should countries negotiate to avoid a threat that has now been ruled illegal？ The premise of tariffs as bargaining chips is their legality and enforceability. Once the court questions its legal basis, Trumps biggest bargaining chip at the negotiating table loses its deterrent power.

Technical Analysis of NAS 100NAS 100 Daily Chart Insights

• Stochastic oscillator: The stochastic indicator at the bottom shows that the %K line (blue) and the %D line (red) are currently in the overbought area above 80, and the %K line has signs of turning down and crossing the %D line, which may indicate that there is a need for a correction or consolidation in the market in the short term.

• Support below: Short-term support first focuses on the purple 13EMA (currently about 21000-21200 points). The more critical support area is located at the black 65EMA (currently about 20100-20300 points), which is also an important confirmation platform after the previous rebound broke through the 200EMA.

NAS 100 2-hour Chart Analysis

• Stochastic oscillator:The stochastic indicator at the bottom shows that both the %K line (blue) and the %D line (red) have fallen sharply from the overbought zone and entered the oversold area below 20. At present, the two lines are glued together in the oversold zone, and the %K line has a slight upward hook sign but has not yet formed an effective golden cross. This shows that the short-term downward momentum is strong, but it also suggests that there may be a need for a technical rebound in the market, especially when key support is touched or the indicator has a golden cross.

• Short-term MA turns short: The purple 13EMA is about to cross the black 65EMA, forming a short-term “death cross” signal, indicating that the short-term short momentum is strengthened. After the price falls below these two MAs, they turn into dynamic resistance above. The current price is consolidating in a narrow range near the black 65EMA (about 21330-21360 points), which is also a support attempt point for the recent pullback.

NAS 100 Pivot Indicator

• According to the trading central in Ultima Markets APP, the central price of the day is established at 21560,

• Bullish Scenario: Bullish sentiment prevails above 21560, first target 21660 , second target 21830;

• Bearish Outlook: In a bearish scenario below 21560, first target 21260, second target 21150.

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