Nasdaq-100 Index (US100) Structure Analysis & Important Update
Updated
So it turned out that US100 index managed to break and close above a key daily supply area.
Now the broken structure turned into a strong support and the index will most likely keep growing to the next key level.
Here are the key structures on focus:
Resistance 1: 13500 - 13600 area.
Resistance 2: 14200 - 14300 area.
Resistance 3: 15100 - 15300 area.
Support 1: 12500 - 12950 area.
Support 2: 12050 - 12180 area.
Support 3: 11040 - 11180 area.
Consider these structure for pullback/breakout trading.
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