The chart shows the US100 (Nasdaq 100, daily timeframe) extending its bullish momentum within a rising channel. Here’s the breakdown:
Trend & Structure:
The index has been in a steady uptrend since rebounding from its April lows, with price action respecting the boundaries of the ascending channel. It remains above both the 50-day SMA (23,416) and the 200-day SMA (21,481), confirming strong bullish structure.
Support Levels:
The lower channel boundary around 23,500 is immediate dynamic support.
The 50-day SMA provides further backing below that.
A key horizontal support is at 21,150, near the 200-day SMA, which marks the broader trendline base.
Resistance Levels:
The upper channel boundary near 24,500 is the immediate resistance.
A breakout above this region could extend gains toward 25,000, the next psychological target.
Momentum Indicators:
MACD remains positive, confirming upward momentum.
RSI (68.7) is approaching overbought levels but still has room before signaling exhaustion.
Outlook:
The Nasdaq 100 remains firmly bullish, with higher highs and higher lows supporting the trend. While the RSI hints at stretched conditions, momentum remains strong, and as long as price holds above 23,500, the path of least resistance points toward 24,500–25,000.
-MW
Trend & Structure:
The index has been in a steady uptrend since rebounding from its April lows, with price action respecting the boundaries of the ascending channel. It remains above both the 50-day SMA (23,416) and the 200-day SMA (21,481), confirming strong bullish structure.
Support Levels:
The lower channel boundary around 23,500 is immediate dynamic support.
The 50-day SMA provides further backing below that.
A key horizontal support is at 21,150, near the 200-day SMA, which marks the broader trendline base.
Resistance Levels:
The upper channel boundary near 24,500 is the immediate resistance.
A breakout above this region could extend gains toward 25,000, the next psychological target.
Momentum Indicators:
MACD remains positive, confirming upward momentum.
RSI (68.7) is approaching overbought levels but still has room before signaling exhaustion.
Outlook:
The Nasdaq 100 remains firmly bullish, with higher highs and higher lows supporting the trend. While the RSI hints at stretched conditions, momentum remains strong, and as long as price holds above 23,500, the path of least resistance points toward 24,500–25,000.
-MW
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.