NAS100 is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

NAS100 is heading towards the support line of a Channel Down. If this movement continues, we expect the price of NAS100 to test 7183.2500 within the next 11 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.