USNAS100 Remains Bullish range what next ?

US100 is currently moving inside a well-defined structure, with price repeatedly defending the lower part of the trading range and pushing back toward the upper resistance zone.

Tecnically reason is buying interest on pullbacks. As long as the index continues to hold the rising support structure around 29,450–29,500, sellers have not been able to establish a sustained bearish break. This creates a situation where liquidity is collected below the range and buyers attempt another move toward the highs.

Fundamentally, technology/AI optimism has continued to provide support for Nasdaq-related assets, while strong semiconductor sentiment has helped offset broader risk concerns.

Resistance levels ; 29,800 / 30,100
Support levels ; 29,400 / 29,250

However, today's backdrop is not purely bullish. Rising oil prices and Middle-East tensions are increasing inflation concerns, while Treasury yields remain elevated. Markets are also watching upcoming U.S. PPI and CPI data, which could influence expectations for the Federal Reserve's next move.

If price continues to hold the rising structure and breaks the upper range with strong momentum, the next liquidity zone could come around 29,800 → 30,000 on the other hand, a decisive 1H close below 29,450 would weaken the bullish structure and could trigger a deeper pullback toward the lower support areas.

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