NAS 100 is heading towards the support line of a Flag and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
NAS 100 formed a Flag on the 4 hour chart. Retest of support in sight.
