After analysing the US100 chart, the index has been trading within a downtrend channel since Friday, February 21, 2025. After dropping to 19,131, it attempted a recovery but faced strong resistance at 19,957, leading to a decline. As the saying goes, “Follow the trend—the trend is your friend.” Given the ongoing downtrend, US100 may continue to decline toward the next strong support level at 18,489.
Ensure you adhere to proper risk management for long-term success.
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Ensure you adhere to proper risk management for long-term success.
Happy Trading
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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.