The NAS100 Performance

Nas100 broke out of the structure.

Nas100 has pushed +5% to the upside and is now trading above the structure and within a bullish impulse wave of the weekly timeframe bullish trend. This price action indicates that the descending structure is complete and the trend has now resumed to the upside. Traders are bullish according to this price action and anticipate Nas100 to reach the previous high it created around 15900.00.

The SPX500 Performance

SPX500 is on the move.

SPX500 has pushed +2.5% to the upside and is now trading around 4380.00 since the last commentary. Traders anticipate the current push to the upside to be an impulse wave since the previous trend to the downside created a 5-wave structure which can be seen as a complete structure. Therefore, traders are bullish and anticipate the market to continue the push to the upside and reach 4590.00according to the recent price action.

The US30 Performance

US30 also broke out of the structure.

US30 has pushed +2% to the upside and is now trading at the previous high of around 34140.00 since the last commentary. Similar to the price action and structure on SPX500, US30 has completed the previous 5-wave structure to the downside and can now be seen as currently trading within the bullish impulse wave which indicates a continuation of the bullish trend on the weekly timeframe. According to this price action traders are bullish and anticipate the current bullish wave to continue to the upside.

Final Thoughts On Today’s Analysis

In conclusion, today's analysis paints a bullish picture for the US indices, indicating a strong resurgence in market confidence and investor optimism. The breakouts and positive price actions observed in NAS100, SPX500, and US30 have provided substantial evidence for this bullish sentiment. Traders are eagerly anticipating further gains, with the potential for the indices to reach new highs. However, as with any market analysis, investors need to remain vigilant and adapt their strategies to changing market conditions. Subscribe to our YouTube channel today to learn more