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USNAS100 Awaits CPI โ€“ Will 21,560 Hold or Break?

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#NAS100USD# USNAS100 Awaits CPI โ€“ Will 21,560 Hold or Break?

๐Ÿ“Š USNAS100 Technical Analysis
The market is expected to be highly volatile today due to the CPI announcement. The expected CPI is 2.9%, the same as the previous reading, indicating no change in inflation. This is likely to have a negative impact on indices, as it suggests no shift in Federal Reserve policy.

๐Ÿ”ป Bearish Scenario:
If CPI remains at 2.9%, price is expected to drop to 21,560.
A confirmed break below 21,560 will extend the bearish trend toward 21,390 and 21,215.
The descending channel structure suggests continued selling pressure unless a reversal occurs.

๐Ÿ”น Bullish Scenario (CPI Below 2.9%):

If the price stabilizes above 21,560, it could attempt a recovery toward 21,807 and 21,900.
A CPI release below 2.9% would likely trigger a bullish breakout, pushing price toward 22,100 and beyond.

๐Ÿ”‘ Key Levels
๐Ÿ“Œ Pivot Point: 21690
๐Ÿ“ˆ Resistance Levels: 21807, 21900, 22100
๐Ÿ“‰ Support Levels: 21560, 21390, 21215

Trend Outlook:
Bearish below 21,560
Bullish breakout potential if CPI is lower than 2.9%

๐Ÿ’ฌ Will USNAS100 break 21,560 or bounce toward 21,807? Letโ€™s discuss in the comments! ๐Ÿ‘‡๐Ÿ”ฅ

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