- As of 12:52 PM GMT Polish time, the US100 futures contract is up 1.48%, trading just about 80 points below its all-time highs.
- Reuters cited a senior Iranian official who reportedly stated that Tehran is willing to consider restrictions on its uranium enrichment program.
- The market is approaching a massive expiration of options and index futures tied to U.S. benchmarks, in what is known as the “Triple Witching” event, today on June 20, 2025.
Recommendation
Long position on US100 at market price
- Take Profit: 22,094
- Stop Loss: 21,917
Opinion
The prospect of a diplomatic resolution in the Middle East, including Tehran imposing limits on its nuclear program, combined with strong earnings from leading U.S. tech companies, supports the case for continued bullish momentum. The Nasdaq 100 (US100) is hovering near its all-time highs, which may act as a “magnet” for trend-following funds and speculators.
We recommend entering a long position on US100, with a target near the recent historical high at 22,094, and a stop loss at 21,917, which corresponds to the 71.6% Fibonacci retracement of the February downward impulse.
Source: xStation 5
