US Tech 100 reversed its post-CPI drop and reached 28,475

By Daniel Okafor

The TradingView symbol CAPITALCOM:NAS100, labeled US Tech 100, reached 28,475 on Tuesday after reversing an earlier fall to 27,419, according to Rizq-FX. The analyst described the move as the NAS100 erasing its post-CPI drop and printing new highs.

What happened after Tuesday’s CPI?

Tuesday’s CPI arrived at 0.4%, above the 0.3% expected, Rizq-FX said. The US Tech 100 sold off to 27,496. It bounced to 27,994, but Rizq-FX identified that rebound as a lower high. At 17:00 UTC, the index dropped to 27,419. Rizq-FX treated that low as the base on which the entire rise was built.

Rizq-FX’s framework links three checkpoints in sequence: the 27,496 initial selloff, the 27,994 lower high and the 27,419 base from which the entire subsequent advance developed. That sequence gave the rally a defined origin and a recovery ceiling. Price had to reclaim 27,994 to confirm that the post-CPI decline had failed, according to the analyst.

In Rizq-FX’s account, the 27,994 lower high gave way overnight. Price retested that area twice and held just above it, Rizq-FX said, before climbing to 28,301 in London. The analyst called the break the first higher high since the CPI drop and used the twice-held 27,994 area as the immediate reference for the advance.

At the New York open, Rizq-FX recorded a spike to 28,329. The index then flushed to 28,096 within 15 minutes before reversing hard to 28,475. At 16:50 UTC, it stood near 28,470, with the bar still forming.

The New York move extended the recovery after the overnight break. Rizq-FX left the meaning of the flush open, framing it as either a clean test or a warning.

Where do options place the next move?

At Tuesday’s close, options data showed dealer positioning flipping near 28,011, Rizq-FX said. With price above that threshold, the level tends to calm downside moves, according to the analyst. The largest call level sat far overhead near 29,675.

Rizq-FX used two options markers to frame the market’s next phase: a dealer-positioning flip near 28,011 below and a larger call level near 29,675 overhead. Options priced a one-day move of about 364 points.

In Rizq-FX’s framework, the options map separated a downside-stabilizing level from an upside marker. The 28,011 flip sat below the market, while 29,675 remained the biggest call level. Rizq-FX presented the 364-point estimate as the size of a one-day move, not a directional forecast.

Rizq-FX’s 16:50 UTC reading put price near 28,470, above the dealer-flip level and below the major call. That left 28,011 as the stated downside reference and 29,675 as the principal overhead level.

Which levels define the three scenarios?

Rizq-FX ranked three outcomes and placed the upward path first. Each scenario has a specific trigger and an invalidation level.

• Up, likely: The 28,096 New York low holds, and the US Tech 100 keeps making higher highs above 28,475, Rizq-FX said.
• Sideways, possible: The index chops between 28,096 and 28,475. Rizq-FX’s instruction was direct: “While it chops there is nothing to read, so we let it chop.”
• Down, less likely: An hourly close back under 28,096, followed by 27,994, would show the climb tiring, according to Rizq-FX. An hourly close under 27,419 would break the bullish read.

Rizq-FX’s setup resembles a three-level gate: 28,096 must hold, 28,475 defines continuation, and an hourly close below the 27,419 base would break the bullish read.

That structure leaves no separate mid-range reading. Rizq-FX wrote: “Nothing to do in the middle. Let price come to the levels.” The note also carried a financial-advice disclaimer.

Under the analyst’s base case, the next test is whether price can defend 28,096 and extend beyond 28,475. A break of 27,419 on an hourly close would erase the bullish structure and favor the downside scenario.