Nasdaq Reclaims Key Level, Tests 20DMA for Breakout Confirmation
$E-mini Nasdaq 100 - main 2512(NQmain)$ : The key level is being reclaimed, and this sharp bounce is now testing the 20 DMA, a critical line to recover.
So far, an inside candle is in formation following the preceding bearish candle, the night is still young and the price is halfway to invalidating Friday's move.
Will the momentum sustain the breakout? Or will this fade?
$NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Technology Select Sector SPDR Fund(XLK)$ $E-mini S&P 500 - main 2512(ESmain)$
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