US100 - Strong uptrend will probably continue

The Nasdaq 100 has demonstrated remarkable strength in its recent uptrend, pushing to new highs above 22,100. However, the current price action suggests the market may be slightly overextended in the short term, making a pullback to the marked support zone around 21,800-21,900 a potential opportunity for more favorable entry points.

Given the overall bullish market structure and momentum, any retracements should be viewed as buying opportunities rather than trend reversals. The upward trajectory remains intact, with higher highs and higher lows, suggesting that after a healthy pullback, the index could continue its ascent toward new highs above 22,300. Traders should watch for price action confirmation and potential bullish setups around the marked support level.