FPG USTEC Market Report August 14, 2026

On the H1 timeframe, USTEC (Nasdaq-100) remains in a bullish phase following a broader recovery from the 29,423 low. As shown on the chart, the index advanced strongly toward the 30,166 resistance area after breaking above the previous consolidation zone around 29,892. The rally reached approximately 30,166 before price began moving sideways near the upper part of the recent range. USTEC is currently trading around 30,087, with volatility remaining elevated as the market consolidates below resistance while maintaining its broader bullish structure.

From a technical perspective, USTEC continues to display bullish characteristics, although momentum has moderated following the recent rally. The Bollinger Bands have widened significantly, reflecting increased volatility during the latest upward move. The Parabolic SAR dots remain below the candles, confirming that the prevailing short-term trend remains bullish. Meanwhile, the Bulls Power indicator remains positive at approximately 96.77, indicating that buying pressure continues to dominate despite a gradual decline from its recent peak. The Stochastic oscillator is currently around 45.33 and 51.72, having turned lower from elevated levels, suggesting that short-term momentum has weakened as price enters a sideways consolidation phase.

Over the past week, softer U.S. employment and inflation data have reduced expectations for near-term Federal Reserve tightening, supporting risk appetite and technology stocks. The Nasdaq-100 has also been influenced by movements in Treasury yields, oil prices, tariff developments, and ongoing U.S.-Iran tensions. Meanwhile, continued investment in artificial intelligence and mixed semiconductor earnings have contributed to volatility across major Nasdaq components. These factors have supported USTEC’s recent bullish advance, while the index has entered a period of sideways consolidation near its recent highs.

Technical Market Overview
1. Current Position: USTEC is currently trading around 30,087, consolidating after advancing from the 29,423 low to the recent 30,166 high. Price remains near the upper portion of the recent range, while the broader bullish structure remains intact.
2. Resistance Zone: The nearest resistance is located at 30,166, representing the recent swing high and the upper boundary of the current consolidation area. Price has recently tested this level before retreating into sideways movement.
3. Support Zone: Immediate support is identified around 29,998, which currently acts as the nearest level beneath price and separates the recent breakout area from the upper consolidation range. A deeper support level is located around 29,892, corresponding to the previous resistance area before the latest rally.
4. Indicator Observation: Bollinger Bands have widened significantly, indicating elevated market volatility. The latest Parabolic SAR dots remain below the candles, confirming the prevailing bullish trend. Bulls Power remains positive at approximately 96.77, although its histogram has eased from recent highs. The Stochastic oscillator stands around 45.33 and 51.72 and is moving lower, indicating that short-term bullish momentum has moderated during the current consolidation.
5. Technical Summary: USTEC maintains a bullish market structure above the 29,998 support area, while price is currently consolidating below the 30,166 resistance. Technical indicators continue to reflect a positive underlying trend, although the declining Stochastic readings indicate reduced short-term momentum.

Market Performance:
Indices           Last Price       % Change
US500             7,803               −0.02%
US30               53,823             −0.05%

Key Economic Calendar:
AU: RBA Gov Bullock Speech
AU: Home Loans QoQ
AU: Investment Lending for Homes
DE: Wholesale Prices MoM & YoY
EU: Balance of Trade
CN: Current Account (Preliminary)
EU: Employment Change QoQ & YoY (Preliminary)
CN: New Yuan Loans
US: Retail Sales Control Group & Ex Autos MoM
US: Retail Sales MoM
US: Fed Venable Speech
US: Business Inventories MoM
US: Michigan Consumer Sentiment (Preliminary)