"Bullish Momentum in US100 – Ascending Channel in Play"

9月19日

🔹 US100 Index – Technical Analysis

▪Market Structure

The US100 Index has been respecting an ascending channel since early July, showcasing a steady bullish momentum. The price action has been forming higher highs and higher lows, confirming the strength of buyers. Currently, the index is trading in the upper half of the channel, suggesting bullish control but also signaling caution as it approaches key resistance levels.

▪Demand Zone for Continuation

A well-defined demand zone is highlighted between 23,500 – 23,900. This area aligns with channel midline support and previous breakout levels. If the market retraces into this zone, it could attract buyers for another bullish leg toward higher targets. A clean bounce from this area would confirm the continuation of the prevailing trend.

▪ Immediate Resistance – 1st Target Area

The 24,880 level marks the first significant resistance zone. Price is currently testing this area, and short-term rejection or consolidation is expected. If sellers defend this zone strongly, a pullback toward the demand area could occur before continuation. However, a strong breakout and close above this level would validate further upside potential.

▪Final Target Zone

The 25,585 level represents the final target zone within the channel. This level is aligned with the upper boundary of the ascending channel, making it a key area for potential profit-taking. Reaching this level would complete the current bullish swing structure, though traders should remain cautious of overextended conditions near this point.

▪Trading Outlook

▫ Bullish Scenario: A breakout and sustained hold above 24,880 opens the door for continuation toward the 25,585 final target zone.
▫Bearish Scenario (Healthy Pullback): A rejection from the 1st target area could lead to a corrective drop into the 23,500 – 23,900 demand zone, where buyers may re-enter for trend continuation.
▫ Risk Management: As the index is trading near resistance, caution is advised. Waiting for either a confirmed breakout or a retracement entry would offer safer opportunities.

▪Summary:
The US100 Index remains in a strong uptrend inside the ascending channel. The 24,880 resistance is the short-term hurdle, while the 23,500 demand zone remains a key level for potential continuation. The bullish structure remains intact unless the demand zone breaks.

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9月24日

注释

price is respecting ascending channel,