Technical Outlook
Zone 1: Prior All-Time High / Breakout Resistance
This zone represents the most recent all-time high area, which has now been tested and temporarily breached. It acts as a critical reference point: if bulls can secure sustained acceptance above this zone, it will confirm continuation into uncharted territory. However, any rejection here could turn this level back into supply and trigger corrective flows.
Zone 2: Major Demand / Retest Support
This area has been touched multiple times, confirming its role as a key intraday demand zone. Price has repeatedly found buyers here, making it a pivotal battleground between bulls and bears. As long as this zone holds, market structure remains bullish, but a breakdown below would shift momentum in favor of sellers and expose lower liquidity pools.
Summary:
US100 is now trading around prior all-time highs, which makes the market particularly sensitive. While the broader trend remains bullish, traders should exercise caution: at uncharted levels, price can become highly volatile, and fake breakouts are common. Careful risk management is advised when operating near these extremes.
Sentiment:
The Nas100 is trading at record highs, yet the underlying macro picture looks mixed. Recent data, including a sharp drop in private payrolls from the ADP report and an ISM Manufacturing PMI still below the 50-point expansion line, point to signs of economic weakness. Normally this would weigh on equities, but instead it has fueled expectations of imminent Fed rate cuts, pushing bond yields lower and channeling flows back into growth stocks.
Momentum is further amplified by strong demand for technology and AI-related names, with investors treating them as structural winners despite stretched valuations. Breakouts above all-time highs have also triggered FOMO and systematic buying, which reinforces the rally.
Overall, sentiment on US100 is bullish but fragile. The index is being driven more by liquidity, Fed policy expectations, and sector-specific optimism than by solid macro fundamentals. This creates strong upside momentum in the short term, but leaves the market exposed if economic weakness deepens or inflation surprises force the Fed to stay tighter for longer.
Zone 1: Prior All-Time High / Breakout Resistance
This zone represents the most recent all-time high area, which has now been tested and temporarily breached. It acts as a critical reference point: if bulls can secure sustained acceptance above this zone, it will confirm continuation into uncharted territory. However, any rejection here could turn this level back into supply and trigger corrective flows.
Zone 2: Major Demand / Retest Support
This area has been touched multiple times, confirming its role as a key intraday demand zone. Price has repeatedly found buyers here, making it a pivotal battleground between bulls and bears. As long as this zone holds, market structure remains bullish, but a breakdown below would shift momentum in favor of sellers and expose lower liquidity pools.
Summary:
US100 is now trading around prior all-time highs, which makes the market particularly sensitive. While the broader trend remains bullish, traders should exercise caution: at uncharted levels, price can become highly volatile, and fake breakouts are common. Careful risk management is advised when operating near these extremes.
Sentiment:
The Nas100 is trading at record highs, yet the underlying macro picture looks mixed. Recent data, including a sharp drop in private payrolls from the ADP report and an ISM Manufacturing PMI still below the 50-point expansion line, point to signs of economic weakness. Normally this would weigh on equities, but instead it has fueled expectations of imminent Fed rate cuts, pushing bond yields lower and channeling flows back into growth stocks.
Momentum is further amplified by strong demand for technology and AI-related names, with investors treating them as structural winners despite stretched valuations. Breakouts above all-time highs have also triggered FOMO and systematic buying, which reinforces the rally.
Overall, sentiment on US100 is bullish but fragile. The index is being driven more by liquidity, Fed policy expectations, and sector-specific optimism than by solid macro fundamentals. This creates strong upside momentum in the short term, but leaves the market exposed if economic weakness deepens or inflation surprises force the Fed to stay tighter for longer.
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.
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.