Bulls Defend Key Support After Pullback – Rehana William |Financial Consultant _Forex_Gold Xauusd| Fund Manager
US100 (NASDAQ) Price Forecast: Key Support at 28,270 in Focus
US100 Market Overview
US100 is experiencing a short-term bearish correction after rejecting the 28,550–28,600 resistance zone. Despite the recent pullback, the higher-timeframe trend remains bullish, with buyers now defending the important 28,270–28,330 demand area.
The next move will likely depend on whether this support holds or breaks.
Technical Analysis
After failing to sustain gains above 28,500, the index entered a corrective phase.
Price is now testing a strong demand zone where buyers could attempt another recovery.
A successful defence of this support would keep the broader bullish structure intact.
Bullish Scenario
If buyers continue defending 28,270–28,330, US100 could rebound towards:
A strong breakout above 28,605 would confirm the continuation of the higher-timeframe uptrend.
Bearish Scenario
If price closes below 28,270, selling pressure could increase towards:
A decisive break below 27,900 would weaken the overall bullish market structure.
Key Levels
Resistance
- 28,460–28,500
- 28,550–28,605
Support
- 28,270–28,330
- 28,060–28,150
- 27,900–27,980
Market Outlook
US100 remains in a healthy correction within a broader uptrend. The 28,270 support zone is the key level to watch. Holding above this area could attract fresh buying interest, while a breakdown may lead to a deeper pullback before the longer-term trend resumes.
Conclusion
The overall outlook remains bullish while above 27,900. Traders should monitor the reaction around 28,270–28,330, as it is likely to determine the next directional move.
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