Weekly chart analysis for US100

anteontem

Currently showing support at the previous high. We still have selling pressure, however if we continue to keep above 20,600 with bullish confirmation, we can expect further upside to a new ATH. Below we can expect support at the trend line.

Overall Long term trend is still up, we will be looking closely at company earnings and the feds response to sticky inflation.

We are looking for a weekly bullish candle signal and confirmation from multiple time frames to confirm our entry, at current support or the current trend line.