Nas100 two possible scenarios from this key level!

Nas100 broke above its falling channel that kept it in a strong downtrend since March 2022 closing above the 10th and 17th May highs. Ahead of it is the 12800 key level where I anticipate price to stop or make some reactions. A break above the 12800 or 13000 vicinity will expose the next resistance level at around 13570.00. If buyers hesitate to break the 12800-13000 key level, we could see price retracing lower and the nearby support is seen at 12000-12050.

I will watch for any possible trading opportunities in this market.

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Namaste❤️