This 1-hour chart of the US 100 Index shows an ascending trendline supporting price action. The price is approaching a key resistance zone around 20,178, with a breakout potentially leading to a target of 20,300. Indicators such as moving averages and the Supertrend suggest an uptrend, while the RSI is recovering from a consolidation zone, indicating potential bullish momentum. A pullback to the trendline before a breakout remains a possibility.
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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.