NAS100 DAILY OUTLOOK: Test of the downside

Trader 1 · July 16, 2026
General

Momentum trying to build to the downside (2 blue AT lines followed by a break of 29091, brief so far) and dependent on 29K (more psychological than technical) holding to [prevent exposing the key 28678 low.

Back above 29091, would cool but then 29592 needed to negate the risk

(Amazing Trader 4 hour chart)

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