US100 shows price action moving within a rising channel after recovering from previous lows. The market is currently trading near 25,686, approaching a key resistance zone around 25,800 – 26,205. This area has been marked as the upper boundary where price may face rejection or potentially break out.
Technically US Stocks closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectation for federal reserve interest rate cut next week intact,
Remember if Price could hold above support and continue upward along the upper channel, targeting the major resistance at 26,205 Price may dip back into the support zone before attempting another move upward.
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
Technically US Stocks closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectation for federal reserve interest rate cut next week intact,
Remember if Price could hold above support and continue upward along the upper channel, targeting the major resistance at 26,205 Price may dip back into the support zone before attempting another move upward.
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
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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.