
USNAS100 | Bulls Target 29465 as Yields & Oil Retreat
USNAS100 is showing bullish momentum today, supported not only by the technical structure but also by an improvement in the short-term fundamental backdrop. Following yesterday’s Fed rate hike, Nasdaq futures are rebounding strongly as long-term Treasury yields ease and oil prices continue to retreat. Nasdaq 100 futures were up roughly 1% in early U.S. trading, outperforming the other major indices. Lower long-term yields are particularly supportive for technology and growth stocks because they reduce some of the valuation pressure created by higher borrowing costs. Technically The price is currently consolidating inside the 29280–29465 range, while momentum remains bullish as long as the market holds above the 29280 pivot. The first upside target remains 29465. A confirmed 1H candle close above 29465 would strengthen the bullish structure and support an extension toward 29680. On the downside, the bullish setup would begin to weaken if the market loses 29280. A confirmed 4H candle close below 29280 would shift momentum bearish and open the way toward 29040, followed by 28850 if selling pressure continues. Fundamental Structure The immediate environment is currently supportive for Nasdaq: oil is falling, the 10-year Treasury yield is easing, and technology shares are leading today’s recovery. However, the broader macro risk has not disappeared. The Fed raised rates by 25 bps yesterday to 3.75%–4.00%, and policymakers indicated that further tightening could be necessary. Markets are currently pricing roughly a 51% probability of another hike in October, up from around 44% before the decision. Pivot Line: 29280 Resistance: 29465 – 29680 Support: 29040 – 28850
















