US 100 Price Forecast: Bullish Trendline Breakout Above Ichimoku
# US 100 Price Forecast: Bullish Trendline Breakout Above Ichimoku Cloud
US 100 Cash CFD (NAS100) has broken out above its long-term descending trendline and pushed clear of the Ichimoku Cloud on the 4H timeframe, signaling a bullish momentum shift. As long as price holds above the broken trendline and cloud support near 29,110, the short-term bias remains bullish.
📈 Bullish Scenario
A continued push above broken trendline support may drive US 100 toward:
🎯 Target 1: 30,353.7
🎯 Target 2: 31,435.5
📉 Bearish Invalidation
A strong 4H candle close back below the trendline and support zone at 29,110.7 would invalidate the bullish breakout structure and signal potential fakeout behavior.
Key Levels
Resistance 1: 30,353.7
Resistance 2: 31,435.5
Current Price: 29,624.5
Support Zone: 29,110.7
Bullish Invalidation: 4H Close Below 29,110.7