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Big movement possible on NAS100 after a breach of 18447.0000

NAS100 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 5 days and suggests a possible target level to be around 18377.3496 within the next 9 hours.

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After testing support twice in the past, E-Mini S&P 500 June 2024 has finally broken through. Can we expect a bearish trend to follow?

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