Trend: Short-term up but limited by 30K
Momentum: Up but stalled below 30K
Failure to test 30K keeps NAS100 in a 28-30K range where the 28600 area needs to hold to keeps downticks looking like retracements.
If the range proves accurate, the 29K will be pivotal as well in setting the tone (e.g. needing to hold to keep a bid)
(AT 4 hour chart)
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