E-mini Nasdaq is not out of the bearish trend

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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