NAS100 holds 29855 EMA50 as 4H/1D trend stack stays bullish

NAS100 is holding just above the EMA20 shelf with four consecutive prior resistance levels cleared over the past week, and the 4H/daily trend stack is not yet showing signs of exhaustion.

The index added 0.66% on the day and printed a 29778 to 30120 range, settling near 30026 at the time of writing. No major macro catalyst drove the session, leaving price action to trade on its own technical merits inside an elevated-volatility environment.

From a trend-following lens the structure is compelling. EMA20 sits at 30028, EMA50 at 29855 and EMA200 at 29493, with price perched above all three in a clean ascending order. The 4H and daily trends remain pointing up, even as the 1H has pulled back, creating a constructive dip into a zone where momentum-aligned buyers historically step in. RSI sits at a neutral reading with room to extend before becoming stretched, and trend alignment across the dominant timeframes argues for continuing to press the trend rather than fading it. Resistance at 30254 and 30302 is the immediate supply to clear.

We lean long and buy dips into the 29951–30028 entry zone where EMA20 and the nearest support converge. A daily close below EMA50 at 29855 invalidates the call and signals the pullback has become something more structural.