USNAS100 | Bullish Momentum Continues Above Key Support

The Nasdaq has recovered strongly as markets move beyond the recent summer correction. Improved sentiment has been supported by stronger-than-expected second-quarter earnings from major technology companies and the latest de-escalation in the Gulf conflict, encouraging investors to return to risk assets.

Technically

The market is currently consolidating between 28860 and 29220, awaiting the next breakout.

As long as the price remains above 28860, the bullish structure remains intact, with the next target at 29220. A 1H or 4H candle close above 29220 would confirm bullish continuation toward 29590, followed by 29980.

However, a 1H candle close below 28860 would trigger a corrective move toward 28610, with the next support at 28420.


Support: 28860 - 28610 – 28420
Resistance: 29220 – 29590 – 29980