NAS 100 Market Structure Remains Bullish

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – July 5th

The NAS 100 market continues to exhibit a bullish market structure, indicating an optimistic outlook for investors. During April, the market experienced an accumulation phase characterized by sideways movement.

Notably, the market formed a bullish triangle pattern during this consolidation period, with a series of higher lows. This pattern suggests a potential breakout to the upside, indicating bullish sentiment among market participants.

The subsequent breakout and retest of this bullish triangle injected volatility into the market, further supporting the notion of an ongoing bullish trend.

US 100 Key Levels

Support Zones: 14500.0, 13750.0, 13250.0
Resistance Zones: 15250.0, 15500.0, 16000.0

NAS 100 Market Structure Remains Bullish

NAS 100 Long-Term Trend: Bullish

Since May 15th, there has been a significant strengthening of the uptrend in the US 100 market. This is evident from the notable rise in the Average Directional Index (ADX) value since the aforementioned date. The increasing ADX value suggests a growing trend strength and reinforces the bullish sentiment.

It is worth mentioning that the robustness of the trend has prevented significant pullbacks in demand levels. As a result, the price has continued its upward trajectory, supported by the test of Moving Averages Period 9 until June 26th.

However, on that day, the daily candle fell below the Moving Average Period period nine, indicating a temporary setback. Nevertheless, the longer period Moving Average, along with the demand level of 14500.0, played a crucial role in preserving the overall uptrend.

NAS 100 Market Structure Remains Bullish

Nasdaq Short-Term Trend: Bullish

In the short term, a notable development is the breakout of a prominent bearish trendline to the upside. This breakout signals a resumption of the underlying uptrend and further reinforces the bullish outlook.

Based on this breakout, it is anticipated that the price will continue to ascend, potentially reaching the previously formed high of 15250.0. This upward momentum suggests a favorable short-term environment for traders and investors in the US 100 market.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *