Here are today’s trading zones for the US100. The levels are not fixed buy or sell signals, but decision areas where price often accelerates. Rejections can set up counter-trades, while clean breaks and retests can create continuation opportunities.
Zone 1
This area represents a major resistance close to the historical top. Price entering this zone carries a high probability of seller absorption and sharp rejection. A clean breakout and hold above would shift sentiment and open the door for new highs.
Zone 2
A key decision area from previous weekly highs. Often acts as a liquidity pool where breakout traps are common. A strong rejection can offer short opportunities, while a confirmed break and retest may flip the zone into support.
Zone 3
This level has repeatedly attracted strong reactions and carries high resting liquidity. Expect aggressive order flow here – either a sharp bounce for longs or, if broken, a continuation short on retest.
Zone 4
Formed around a strong 4H engulfing pattern and aligned with yesterday’s low. Buyers are likely to defend this level, making it a key intraday demand zone. A decisive break below would indicate seller dominance and could accelerate downside momentum.
Market Sentiment – Cautious Optimism
Overall sentiment in the US100 remains cautiously optimistic, supported by strong performance in Big Tech and expectations of a more dovish Fed. Still, the backdrop is fragile given broader macroeconomic signals, with investors balancing optimism against underlying economic risks.
Big Tech Drives the Market
Large-cap tech stocks led the market higher at record pace. Alphabet surged nearly 9%, Apple advanced 3–4%, and Tesla gained about 1.4%, boosted by a favorable antitrust ruling and strong technical momentum. Alphabet even reached a new record high, underscoring the sector’s ability to lift the entire index.
Macro Data – Mixed but Supportive
Weaker job openings data reinforced expectations of Fed rate cuts, a positive driver for growth stocks as lower bond yields support risk appetite. At the same time, the ISM Services PMI rose to 52.0, marking a third straight month of expansion and showing resilience in the services sector despite manufacturing weakness and a cooling labor market.
Zone 1
This area represents a major resistance close to the historical top. Price entering this zone carries a high probability of seller absorption and sharp rejection. A clean breakout and hold above would shift sentiment and open the door for new highs.
Zone 2
A key decision area from previous weekly highs. Often acts as a liquidity pool where breakout traps are common. A strong rejection can offer short opportunities, while a confirmed break and retest may flip the zone into support.
Zone 3
This level has repeatedly attracted strong reactions and carries high resting liquidity. Expect aggressive order flow here – either a sharp bounce for longs or, if broken, a continuation short on retest.
Zone 4
Formed around a strong 4H engulfing pattern and aligned with yesterday’s low. Buyers are likely to defend this level, making it a key intraday demand zone. A decisive break below would indicate seller dominance and could accelerate downside momentum.
Market Sentiment – Cautious Optimism
Overall sentiment in the US100 remains cautiously optimistic, supported by strong performance in Big Tech and expectations of a more dovish Fed. Still, the backdrop is fragile given broader macroeconomic signals, with investors balancing optimism against underlying economic risks.
Big Tech Drives the Market
Large-cap tech stocks led the market higher at record pace. Alphabet surged nearly 9%, Apple advanced 3–4%, and Tesla gained about 1.4%, boosted by a favorable antitrust ruling and strong technical momentum. Alphabet even reached a new record high, underscoring the sector’s ability to lift the entire index.
Macro Data – Mixed but Supportive
Weaker job openings data reinforced expectations of Fed rate cuts, a positive driver for growth stocks as lower bond yields support risk appetite. At the same time, the ISM Services PMI rose to 52.0, marking a third straight month of expansion and showing resilience in the services sector despite manufacturing weakness and a cooling labor market.
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.