USNAS100 New All-Time High with Strong Bullish Momentum

18 июн.

Technical Analysis: New All-Time High with Strong Bullish Momentum

The price has recorded a new all-time high, indicating strong bullish momentum.

• Today's Outlook:
  The indices market is expected to be volatile due to upcoming retail data releases.
  
  
• Bullish Scenario:
  If the price remains stable above 19,880, it is likely to continue the bullish trend, potentially reaching 20,250.
  
  
• Bearish Scenario:
  If the price breaks below 19,880 and closes a 4-hour candle under this level, it may enter a downtrend, targeting the demand zone between 19,625 and 19,525.
  
  
• Key Levels:
  - Pivot Line:** 19,880
  - Resistance Levels: 20050, 20150, 20250
  - Support Levels: 19685, 19525, 19255
  
  
• Today's Expected Range:
  The price is expected to fluctuate between the support at 19,525 and the resistance at 20,060.
  
  In summary, stability above 19,880 favors a bullish outlook with higher resistance targets, while a break below this level suggests a potential bearish trend toward lower support zones.
  
  
  Fundamental Analysis: S&P 500 and Nasdaq Futures Near Record Highs Ahead of Key Data
• Market Overview:
  U.S. stock index futures were steady on Tuesday, with those tracking the S&P 500 and the Nasdaq hovering near record highs. This comes ahead of crucial retail sales data and commentary from several Federal Reserve officials.
  
  
• Key Economic Data:
  Focus is now on fresh economic data from the United States, including:
  - May Retail Sales: This data will be closely watched for insights into consumer spending.
  - Industrial Production: A key indicator of economic health.
  - Business Inventory Data: Provides insights into supply chain dynamics and business confidence.
  
  
• Federal Reserve Commentary:
  Comments from U.S. Federal Reserve officials will be scrutinized for their views on the current economic situation and future monetary policy. Recent projections indicate that the Fed now anticipates just one interest rate cut this year, down from the three previously forecasted.
  
  In summary, the market is poised for potential volatility as investors await key economic data and insights from Federal Reserve officials, which could provide direction on future monetary policy.