4 min readThe NASDAQ (US100) has broken into new all-time highs following a wave of risk-on sentiment across global markets. This shift in tone comes as investors grow more confident in the potential for a truce or de-escalation between Israel and Iran. With tensions easing, equity markets have responded with renewed bullish momentum.
On the daily chart, price has cleared the previous all-time high area between 22,100 and 22,200, now turning that zone into a potential support base. Should we see a pullback, this region becomes key for a possible break-and-retest structure. A deeper retracement could bring the 21,930 level into play, which aligns with prior resistance and now offers a structurally clean support level.
Moving into the 4-hour chart, the breakout accelerated on June 24th, when the price moved above both a descending trendline and the resistance area around 21,900. That zone, now left behind, could provide support if the market were to retrace more significantly.
Currently, we are watching the local level near 22,370, which has formed as the immediate area of interest following the breakout. This is the next key intraday resistance level to monitor.
On the 1-hour chart, the structure confirms the bullish trend, with the price printing higher highs and higher lows. The breakout area around 22,350 now becomes a possible intraday support level. If the price retraces during the session, this area could serve as a springboard for continued upside, assuming bullish momentum holds.
With risk appetite improving across markets and macro tensions softening, the technical outlook for NASDAQ remains bullish as long as the price holds above key breakout levels.
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