US100 Technical Analysis: Consolidating Near Recent Highs with B

Wait 5 sec.

US100 Technical Analysis: Consolidating Near Recent Highs with BUS Tech 100 IndexPEPPERSTONE:NAS100Vortex9999​Price Status: Trading at 25,522.9, down slightly by -0.07%. The price remains well-supported within a long-term bullish trend, currently positioned in the upper half of the Bollinger Bands. ​Indicators: * CCI (61.8): Located in the neutral-to-bullish zone. It has cooled from recent overbought peaks near 80, suggesting a healthy pause in the upward trend. ​MFI (52): Currently at a balanced level, indicating that buying and selling pressure are roughly equal at the present price point. ​STC (71.8): Trending downward from overextended levels, hinting at a short-term "cooling-off" period or minor retracement. ​Key Levels: * Resistance: 25,886.1 (Upper Bollinger Band). ​Support: 25,505.9 (20-day SMA) and 25,125.7 (Lower Band). ​Outlook: Neutral-Bullish Consolidation. The index is finding firm support around the 25,500 area. A successful hold above the middle blue line (25,505) maintains the bullish structure for a potential retest of the recent all-time highs.