US1OO signalling renewed buying momentum.

1 paź

The USNAS100 index gained 11.24 points (+0.04%), closing at 24,690. The index has formed a new bullish consolidation range after the close and has also broken out above the previous support zone, signalling renewed buying momentum.

Technical Outlook:
Major U.S. stock indexes bounced back from early session lows on Wednesday following weaker-than-expected data. Additionally, upcoming private payroll data on Friday could lead to increased market volatility and stronger price reactions.

If the price continues to hold above the breakout zone and remains in bullish territory, we could see the index push toward the 25,001 resistance level in the near term
You may find more details in the chart.
Trade wisely Best of Luck.

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