NAS100: Riding the Bullish Wave – Targeting Further Upside on a Rebound

Market Overview & Trend Confirmation

Alright team, let's dive into the NAS100. We've seen some impressive performance lately, and as a strong believer that "the trend is your friend," I'm keeping a close eye on this bullish momentum. The Nasdaq is currently sitting at 21641.05, up a solid 0.66% or 141.05 points over the past 24 hours. The day range, from 21429.47 to 21852.63, tells us there's been some healthy price discovery, but the overall bias remains firmly to the upside. We're clearly in a bullish environment, supported by general market sentiment and continued optimism around tech sector growth, which is a key fundamental driver for this index. My data suggests this upward trajectory has more room to run.

Technical Setup & Entry Strategy

Given this bullish trend, my focus is on finding optimal entry points following a minor pullback. I'm looking for a long entry around 21573 on an intraday timeframe. This level is strategically positioned right between our identified support zones of 21600 and 21550, and certainly above the stronger support at 21429.47. It's a "key level being tested" where I anticipate institutional order flow to step in and push prices higher. My stop loss is set quite deliberately at 21234. This places it well below the critical 21