USNAS100 TECHNICAL OVERVIEW
Nasdaq 100 Prints New ATH | Eyeing 22,640, But Correction Risk Builds
USNAS100 recorded a new all-time high, supported by broad bullish sentiment across U.S. indices after upbeat S&P and inflation data boosted risk appetite.
Technically, the index remains bullish, but signs of short-term exhaustion are appearing.
If the price closes below 22,520 on the 1H timeframe, a correction toward the 22,280 zone is likely.
However, a clean break above 22,640 would confirm continuation toward the next upside target at 22,790.
Key Levels
Pivot Line: 22,520
Resistance: 22,640 → 22,790
Support: 22,410 → 22,280 → 22,200
Take a look at the previous idea to see more reality...
Nasdaq 100 Prints New ATH | Eyeing 22,640, But Correction Risk Builds
USNAS100 recorded a new all-time high, supported by broad bullish sentiment across U.S. indices after upbeat S&P and inflation data boosted risk appetite.
Technically, the index remains bullish, but signs of short-term exhaustion are appearing.
If the price closes below 22,520 on the 1H timeframe, a correction toward the 22,280 zone is likely.
However, a clean break above 22,640 would confirm continuation toward the next upside target at 22,790.
Key Levels
Pivot Line: 22,520
Resistance: 22,640 → 22,790
Support: 22,410 → 22,280 → 22,200
Take a look at the previous idea to see more reality...
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.