The strength this week has taken the Nasdaq 100 back above its 50 day MA and +1x ATR(21 day) level, which we use to help to determine the short-term trend. As if the rebound rally attempt is real, and not just an Upthrust, then the expectation would be for it to hold the 50 day MA and Tuesdays Significant Bar on any retest in the coming days...
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31 August, 2023