From a technical perspective, the US100 drop has been rejected around the major located around 12700.0 level. We now aim for the price to continue its rise at least until the highlighted on the chart. This could act as a correction and we could see the price dropping again, but we also have a big possibility to break that and make a new high, even reaching the 14000.0 psychological level. The price action could be an important factor that can guide us in the right direction of the market.
PS. Check out below in the related post section, our previous NASDAQ analysis in which we forecasted the last impulse.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move