US100 – Bullish Momentum Holds Strong After BreakoutHello, what are your thoughts on CAPITALCOM:US100 ?
The US100 index is trading around 23,852, holding steady after a strong breakout from the previous resistance, now acting as new support at 23,685. This bullish structure is supported by the latest US economic data, which eased investor concerns — with lower inflation readings and recovering corporate earnings, boosting risk appetite.
On the 4H chart, price remains above both the EMA 34 and EMA 89, indicating strong underlying momentum. The recent breakout was followed by a period of consolidation, showing healthy market behavior before the next upward move. As long as price stays above the trendline, buyers maintain full control.
Even if a short-term pullback occurs, the support zone at 23,687 remains a solid base for buyers to re-enter near 24,200.
My outlook is bullish, what do you think? Leave your thoughts in the comments!
