USNAS100 Drops 800+ Points – Key Support Test Ahead!

3 days ago

📉 USNAS100 Technical Analysis – February 28, 2025 📉

The price dropped over 800 points (-3.8%), exactly as we projected in yesterday’s bearish outlook.

📌 Key Event Today:
Traders should watch for the Core PCE release, which could impact the market significantly. Additionally, any updates on Trump's tariffs or geopolitical tensions between Ukraine and Russia could drive volatility.

🔍 Technical Outlook:

• Consolidation Zone: 20,670 – 20,550 until a breakout occurs.
  
• Bearish Continuation: A 4H candle close below 20,550 could accelerate downside momentum toward 20,330 – 20,130.
  
• Bullish Correction: A 4H close above 20,670 could push the price toward 20,810 – 20,990 as a potential retracement.
  
  📊 Key Levels to Watch:
  🔸 Resistance: 20,810 | 20,990 | 21,166
  🔹 Pivot: 20,670
  🔻 Support: 20,550 | 20,330 | 20,130
  
  🚀 Will NAS100 hold this support, or is more downside coming? Drop your thoughts! 👇🔥
  
  

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USNAS100 Update 3 March

The price pushed up and reached the bullish target we mentioned. Now, it will attempt to fill the gap toward the pivot line at 20,869 before pushing up again. If the price can close a 4-hour candle above 20,990, it is likely to reach 21,166.

However, if the 4-hour candle closes below 20,869, this will support a bearish trend toward 20,810 and further down to 20,670.

Key Levels:
🔹 Resistance: 20,990, 21,166
🔹 Pivot: 20,869
🔹 Support: 20,810, 20,670