NAS100, US30 & S&P500 MARKET ANALYSIS

 Good morning traders, it's a fine chilly Tuesday morning and I hope you're all doing well. Into the markets today, I'm looking at the US Index markets ie NASDAQ, US30 & the S&P500. Into the markets today, NAS100 broke above a major H4 & daily supply zone at 20715.7 & 20512.2 and formed higher highs on H4 at 21470.5 forming a new bullish range. Price then retraced back to retest the broken supply as a new demand before a continuation of the rally higher. Price dropped into the demand and formed rejection wicks with candle closes above demand on H4 at 20715.5 followed by a rally in a constant push away from demand confirming the bullish sentiment. I anticipate a potential continuation of the rally higher as the setup taken is a rally base rally, a continuation setup and my major target is at the next major H4 & daily supply zone at 21921.3 & 22108.8. 

Into the S&P500, price broke above a major H4 supply zone at 5785.40 & 5681.24 which was the origin of the previous major drop to the major H4 & daily demand zone at 4998.40 & 4893.20. Price broke above the major H4 supply zone and formed higher highs on H4 at 5978.00 then retraced back to retest the broken supply as a new demand before a continuation of the rally higher. Price dropped into demand and formed rejection wicks with candle closes above demand on H4 followed by a rally in a constant push away from demand confirming the bullish sentiment. I anticipate a potential continuation of the rally higher as the setup is a rally base rally, a continuation setup and my target is at the next major H4 & daily supply zone at 6053.25 & 6144.06.

Into US30, price rallied into a major H4 supply zone at 42718.0 & 42374.0 which is the origin of the previous major drop to the major H4 & daily demand zone at 37296.7 & 36919.2. Price rallied into the major zone and formed rejections with candle closes inside supply followed by a strong bearish push out of supply. Price dropped 1500 pips to the H4 low at 41230.5 then retraced and rallied back to supply. I anticipate price to break the supply and form higher highs soon but only after enough confirmation for the break above.