US100 tests key support level 📌

5:52 PM August 11, 2022

US100 reacts at the heights of a key support level 📉📈

The US indices started today's session with gains, but the initiative was quickly taken by supply, resulting in a clear pullback. Nevertheless, given yesterday's strong gains, the situation on the major indexes still looks pretty good. 

US100, interval H1. Looking at the chart of the Nasdaq index (US100) on the H1 interval, the quotations retreated to the key horizontal support area of 13370 - 13400 points. According to the assumptions of classical technical analysis, the continuation of the price above will argue for the continuation of the uptrend. Then an attack on today's maximums at 13577 points will be possible. On the other hand, if the zone marked in green is negated, the discount may deepen towards the support at 13236 points. Source: xStation5

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