US100 Bullish Continuation Toward Key Resistance

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US100 Bullish Continuation Toward Key ResistanceUS100SKILLING:US100MR_GOLD_12US100 is currently trading within a short-term consolidation phase after a strong bullish expansion. Price previously respected a rising trendline and formed higher highs and higher lows, confirming bullish structure. Tecnically reason behind the recent upside reaction is mainly driven by fundamentals. Strong expectations from big tech earnings such as Microsoft, Amazon, and Alphabet) are supporting the Nasdaq, along with overall positive earnings season results where most companies are beating forecasts. In addition, improving risk sentiment and stability ahead of Federal Reserve decisions are also helping the market stay supported. Resistance ; 27,300 / 27,500 Support ; 26,900 / 26750 If price holds this support zone and forms a strong rejection, the market can continue upward and target 27,300 again, with a potential extension toward 27,500 and higher. On the other hand, if price fails to hold this level and breaks below the trendline, we may see a bearish move toward 26,800–26,700 before any strong recovery. You may find more details in the chart, Trade wisely best of luck buddies. Ps; Support with like and comments for better analysis Thanks for Supporting.