NAS100 Hits Monthly Level - Retrace or Reload?

After a sharp leg down, NAS100 remains in a broader uptrend but is now reacting off a key monthly level. Expect a short-term retracement with the potential for a second leg lower. If bullish momentum returns, watch for an attempt to reclaim the level. Momentum is strong enough to challenge it again—traders should be ready for either a deep retrace or continuation move.