US Nas 100
Long
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USNAS100 - Tendency To 19600

388
The price reached our target area yesterday. Today, we anticipate a short-term correction, with the index likely to decline to around 19,200 or 19,075. This correction is expected to be temporary, serving as a consolidation phase. Subsequently, the index is projected to resume its ascent, potentially returning to the previous high of 19,254 or reaching new levels near 19,400.

Caution is advised, as a sustained drop below 19,000, confirmed by the closing of a 4-hour candle, will likely lead to a further decline towards 18,905. Overall, while the outlook remains positive, traders should remain vigilant of these key support levels during the anticipated correction.

Today, there is a critical sequence of events, beginning in the morning with the release of the pivotal Consumer Price Index (CPI) reading for May, followed by the Federal Reserve's policy meeting in the afternoon. Both events are expected to have a significant impact on the market.

Tendency 19200
Target station: (19400, 19600, 19800).
Trade fermée: cible de profit atteinte
The price reached our first target of 19400 and also closed the 4H candle above it. so this will support the price to touch the third target, which is 19800. reversing and staying under 19400 by the 4H candle, the price will move between this level and 19200.
Note
The US Nas100 price stabilized above 19600, but currently it will fall to make its retest until 19600.

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