Nas100- Important close for the week

After reaching an all-time high in mid-December last year, the NAS100 began a correction characterized by choppy price action.

This Monday, the index formed a local low, aligning closely with the previous all-time high. Since then, NAS100 has rebounded strongly.
Currently, the index is testing the falling trendline originating from the mid-December high.
A breakout above this trendline could indicate that the correction has ended, paving the way for new highs and potentially a fresh all-time high in the first quarter of 2025.

I remain bullish on NASDAQ as long as Monday's low holds as a key support level.