NAS100: Riding the Bounce – A High Probability Swing Long Targeting 21564

Alright team, David Davis here with a read on the NAS100 that demands our attention. While the market has been choppy, showing a sideways trend with a tight day range from 21493.92 to 21530.38, the underlying structure presents a compelling swing opportunity. I’m eyeing a long entry for a sustained move upwards.

Technical Read: Setting the Stage for a Breakout

Currently, NAS100 is hovering around 21512.15, having seen a minor 0.06% change in the last 24 hours. My analysis pinpoints our immediate support at 21493.92, with further key levels at 21450 and 21400 acting as strong anchors. We've seen tests of these lower bounds recently, and the market has held. This resilience, despite the current sideways motion, suggests buying interest is stepping in. My entry for this swing trade is set at 21506. This places us strategically above the critical