US100: Price Action Analysis Based On Historical Movements

US100 Price Action Analysis Based On Historical Movements

In recent analysis, we’ve seen the US100 drop multiple times last month by around 3.5% to 4%, but each time it quickly bounced back, showing that these moves were simply buying opportunities during deep pullbacks.

The previous month, the index fell by about 4.3% due to fears over new tariffs on August 1st, but already recovered, which suggests that the bullish trend remains intact.

Last week the price fell again by almost -4.3% and rebounded due to Powell's comment about a possible interest rate cut at the September meeting.

As we can see, this is a recurring price behavior.

If the momentum continues, the US100 could retest the highs near 23,950, and could also rise to 24,500.

You may find more details in the chart!
Thank you and Good Luck!

PS: Please support with a like or comment if you find this analysis useful for your trading day