The US100 index continues to trade within a well-defined ascending channel, maintaining its bullish momentum. Key support and resistance levels are clearly marked, with higher lows confirming upward structure. After bouncing from the lower boundary, the index is now approaching a breakout zone near 23,500. A successful breakout could push prices toward the projected target of 23,600, as indicated by the blue arrow and bullish structure. Red and green arrows highlight historical reversal points, reinforcing the trend pattern. Traders should monitor for confirmation before entry.
US100 Technical Analysis (July 30, 2025)
Trend & Structure
Channel: The price is moving within a well-defined ascending channel, indicating a strong bullish trend over the past several days.
Higher Highs and Higher Lows: The structure of consistent higher highs and higher lows confirms the uptrend's strength.
Support and Resistance:
Immediate support lies around 23,300–23,320 (recent consolidation zone).
Key resistance is forming near 23,500, the breakout point.
Target level: Around 23,600, in line with the upper channel boundary and the projected breakout height.
Arrows & Key Points
Green Arrows (Buy Triggers): Indicate past successful bounces off channel support, signaling strong buyer interest at lower trendline levels.
Red Arrows (Sell Zones): Mark past rejections near the upper channel boundary, showing that profit-taking or short interest tends to emerge near these levels.
Current Price Action
Current Price: 23,406.2 (slightly above mid-channel and heading toward resistance).
Setup: A bullish flag/pennant is forming below resistance (around 23,500), suggesting a potential breakout if momentum continues.
Outlook
Bullish Scenario: A breakout above 23,500 with strong volume could push the index toward the 23,600 target. Look for confirmation via breakout candle close above resistance.
Bearish Risk: Failure to break 23,500 could result in a pullback to the mid-channel or even down to support around 23,300.
Market Sentiment
The chart suggests that buyers remain in control, but a breakout above 23,500 is crucial to validate the next leg higher.
US100 Technical Analysis (July 30, 2025)
Trend & Structure
Channel: The price is moving within a well-defined ascending channel, indicating a strong bullish trend over the past several days.
Higher Highs and Higher Lows: The structure of consistent higher highs and higher lows confirms the uptrend's strength.
Support and Resistance:
Immediate support lies around 23,300–23,320 (recent consolidation zone).
Key resistance is forming near 23,500, the breakout point.
Target level: Around 23,600, in line with the upper channel boundary and the projected breakout height.
Arrows & Key Points
Green Arrows (Buy Triggers): Indicate past successful bounces off channel support, signaling strong buyer interest at lower trendline levels.
Red Arrows (Sell Zones): Mark past rejections near the upper channel boundary, showing that profit-taking or short interest tends to emerge near these levels.
Current Price Action
Current Price: 23,406.2 (slightly above mid-channel and heading toward resistance).
Setup: A bullish flag/pennant is forming below resistance (around 23,500), suggesting a potential breakout if momentum continues.
Outlook
Bullish Scenario: A breakout above 23,500 with strong volume could push the index toward the 23,600 target. Look for confirmation via breakout candle close above resistance.
Bearish Risk: Failure to break 23,500 could result in a pullback to the mid-channel or even down to support around 23,300.
Market Sentiment
The chart suggests that buyers remain in control, but a breakout above 23,500 is crucial to validate the next leg higher.
Trade closed: target reached
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Clean charts | 🔍 Deep analysis | 📈 Consistent setups”
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.