US Nas 100
Short

USNAS100 | CPI Day Setup – Breakout or Pullback Ahead?

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USNAS100 Overview

Markets found some relief after the U.S. and China extended their tariff truce until November 10, avoiding the imposition of triple-digit duties on each other’s goods.

Today, attention is firmly on the U.S. CPI release, which is expected to drive market direction:

A reading above 2.8% would likely support a bearish move toward 23440 and 23295.
A reading below 2.8% could fuel bullish momentum toward a new ATH at 23870.

Technical Outlook:
As long as the price trades below 23690, downside targets remain 23440 and 23295.
A 1H close above 23695 would turn the bias bullish toward 23870.

Support: 23440, 23295, 23045
Resistance: 23700, 23870

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