US100 Price Bullish Looks expertise Bounced back

25 Ogo

The US100 index has recently shown signs of consolidation that could be interpreted as bullish. Despite experiencing multiple pullbacks over the past months — each ranging from 3.5% to 4% — the index consistently bounced back. These sharp drops were not trend reversals but rather buying opportunities during deep pullbacks.

Last week, the US100 fell approximately 4.3%, echoing previous retracements the market rebounded sharply following Federal Reserve Chair Jerome Powell’s comments, which hinted at a potential interest rate cut during the September FOMC meeting This rebound suggests that investors remain confident in the broader uptrend, using dips as entry points. If bullish momentum continues, we could see the US100 retesting its recent highs near the 24,001 level.

You may find more details in the chart.
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26 Ogo

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