NAS100: Bullish Momentum Continues

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NAS100: Bullish Momentum ContinuesUS Tech 100 CFDFOREXCOM:NAS100ProfessorSingapore🎯 Trade setup: Direction: Long after confirmation 🔻 Entry: 30,520–30,560 🛑 Stop Loss: 30,350 🎯 Take Profit 1: 30,600 🎯 Take Profit 2: 30,700 📰 Market context: The latest news background is mixed but slightly positive for Nasdaq. U.S. stock futures improved after reports of a new U.S.-Iran agreement, which helped reduce some geopolitical pressure and supported risk sentiment. However, the market still remains sensitive to Middle East headlines, oil prices, Treasury yields, and Fed policy expectations. Higher yields and a stronger U.S. dollar can limit upside for tech stocks, but for now buyers are still active in Nasdaq. 📊 Analysis: On the 1H chart, NAS100 is showing strong short-term bullish momentum. The price is trading around 30,550 and remains above EMA 9, EMA 20, and SMA 200. This confirms that buyers are currently in control. EMA 9 and EMA 20 are moving upward, while RSI is near 65, showing strong momentum but also getting closer to the overbought area. MACD is positive, which supports the bullish continuation scenario. If the price breaks and holds above level 30,600, NAS100 may continue toward the next upside targets. If the price fails to break 30,600, a short-term pullback toward the moving averages is possible. As long as NAS100 stays above 30,440–30,380, buyers remain in control. A confirmed breakout above 30,600 could open the way toward 30,700 and 30,800. If the price fails to hold above 30,440 and breaks below 30,380, the bullish momentum may weaken. In that case, NAS100 could pull back toward 30,250 and 30,100. ⚠️ Not financial advice.