USNAS100: Breakout Confirmed with Correction & Bullish PotentialUSNAS100 Technical Analysis
The price has broken out of the channel and stabilized above it. A correction is expected to 21,380 before pushing upward toward 21,630. If a 4-hour candle closes above 21,630, the bullish trend is likely to extend toward 21,760.
For a bearish outlook, the price must break below 21,380 with a 4-hour candle close, targeting the 21,215 level and below.
Key Levels
Pivot Point: 21385
Resistance Levels: 21520, 21630, 21760
Support Levels: 21215, 21090, 20980
Trend Outlook
Bullish: While above 21,385
Bearish: If 21,385 is broken
Nasfaq
a couple paths starting the week off in nasdaqnq1! has started off showing signs of support only just holding the uptrend daily off of reversal on a potential neckline. im guessing if we resist around left shoulder area and break the neckline its bearish looking for around 12345, and if we break resistance around 12689 and come to some higher low we could challenge 13000. 12444 and 12666 are hourly levels to watch directionally for now.