The USNAS 100 index has successfully reached our previously identified target of 19,800 and has stabilized above this level. Presently, the index is approaching the significant resistance level of 20,000. If the index touches this resistance, it is anticipated that it will undergo a retest at 19,800 before resuming its upward trajectory. Following this retest, the price is expected to rise again, reaching the previous high of 20,000 and potentially establishing a new high of 20,200.
However, it is important to note that the outlook may turn bearish if the price stabilizes below 19,800. In such a scenario, the stabilization under this level could indicate a shift in trend, suggesting a potential decline in the index. Therefore, monitoring the price action around these key levels is crucial for anticipating the future direction of the USNAS 100 index.
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