Nas100 Key Area

NAS100USD

We could see a short-term change in momentum in this area after Santa's rally. Price traveled in a really nice channel on it's way to break the highs, and it is now consolidating on the 1 hour. IF pricre closes underneath support the 50 EMA on the 30-minute time frame there is a chance that the lows will be retested.

We could also see a bounce off of our moving support line to push price higher.