E-mini Nasdaq recovered from Thursday's selloff but is still not out of the bearish trend. The index will likely retest 11710, a major obstacle that saw multiple failed attempts in the past. The index will need to hold above 12000 to confirm a change of direction to the upside. 11710 and 12000 are critical levels to watch in next week's session.
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The analysis is for educational purposes only and not trading advice. The trading system setup is designed to capture future critical market levels based on price and other factors.
Trading involves a substantially high risk of loss, especially in volatile market conditions. You could lose some or all of your initial investment.
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