NAS100: Riding the Bullish Wave - Intraday Long Opportunity Emerging

Analyzing the Bullish Momentum

Alright team, let's dive into the NAS100, a personal favorite of mine. The underlying trend remains undeniably bullish, and as I always say, "The trend is your friend." We've seen a respectable 0.43% gain over the last 24 hours, with the index currently holding at 21592.67. This upward momentum, alongside the recent break past key levels, suggests continued strength.
My methodical approach always starts with market structure. Looking at the day range, we've traded between 21453.66 and 21731.68, showing resilience above the lower bound. Critically, the 21550 and 21500 levels have shown good support, reinforcing the bullish narrative. When I see price action consolidating above these established support zones, it confirms a statistical edge for upward continuation, especially in this broader bullish environment