US100 Builds Momentum Toward New Highs
Since yesterday, the US100 has climbed by nearly 1.4%, rising from 23,223 to 23,550.
The bullish trend is strong, and it looks like US100 is preparing for a bigger upward move—possibly aiming to set a new all-time high.
Before continuing higher, US100 may first test the top of the current structure near 23,710, and then push toward 24,000.
The rally comes after weaker-than-expected NFP data, which has increased expectations for a 25 basis point rate cut by the Fed in September.
J.P. Morgan now forecasts a 25 bps rate cut, citing signs of a slowing labor market and uncertainty surrounding President Donald Trump's latest Fed nomination.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Since yesterday, the US100 has climbed by nearly 1.4%, rising from 23,223 to 23,550.
The bullish trend is strong, and it looks like US100 is preparing for a bigger upward move—possibly aiming to set a new all-time high.
Before continuing higher, US100 may first test the top of the current structure near 23,710, and then push toward 24,000.
The rally comes after weaker-than-expected NFP data, which has increased expectations for a 25 basis point rate cut by the Fed in September.
J.P. Morgan now forecasts a 25 bps rate cut, citing signs of a slowing labor market and uncertainty surrounding President Donald Trump's latest Fed nomination.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.