NAS100: Bullish Momentum Continues – Targeting Fresh Highs on Intraday Strength

The Trend is Our Friend: NAS100's Persistent Bullish Outlook

My analysis of the NAS100 remains firmly bullish. As I always say, "the trend is your friend," and the current market conditions for the Nasdaq 100 are undeniably confirming this mantra. We've seen a robust 0.69% increase over the past 24 hours, pushing the current price to 21648.13. This upward momentum is clear, indicating strong institutional order flow supporting higher prices. The day range, from 21425.94 to 21870.32, shows healthy consolidation above key support, presenting a clear opportunity for intraday long positions. The data is compelling, signaling continued strength.

Technical Setup: Leveraging Support for an Intraday Long

My strategy here is to capitalize on the recent retest of a critical support zone. While we saw the market dip earlier, the bounce off levels around 21550 and 21600 has been decisive. I'm looking for an entry at 21577, positioning ourselves slightly above this established support. This is a classic technical play, riding the wave of existing bullish sentiment. My stop loss is strategically