NDXUSD

The Nasdaq 100 Index, despite breaking its main upward channel in mid-August, showed a quick recovery and established a new and steeper upward trend (red line). Although the short-term outlook is positive, the index is approaching a critical resistance level that corresponds to the lower band of the previously broken main channel. This area, which also includes the psychological level of $24000, could trigger profit-taking. Maintaining the price above the red trend line will be crucial for preserving the upward potential.