US100 Builds Momentum Toward New Highs

Aug 8

US100 Builds Momentum Toward New Highs

Since yesterday, the US100 has climbed by nearly 1.4%, rising from 23,223 to 23,550.

The bullish trend is strong, and it looks like US100 is preparing for a bigger upward move—possibly aiming to set a new all-time high.

Before continuing higher, US100 may first test the top of the current structure near 23,710, and then push toward 24,000.

The rally comes after weaker-than-expected NFP data, which has increased expectations for a 25 basis point rate cut by the Fed in September.

J.P. Morgan now forecasts a 25 bps rate cut, citing signs of a slowing labor market and uncertainty surrounding President Donald Trump's latest Fed nomination.

You may find more details in the chart!
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Aug 13

Trade closed: target reached

US100 -Posted on 08-Aug-2025
Target Reached😁

✅I think it can grow more, but up until this point it was a lot and it was reached in a short time.