NASDAQ Stretched enough? Potential Bunce ahead.

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NASDAQ Stretched enough? Potential Bunce ahead.E-mini Nasdaq-100 FuturesCME_MINI:NQ1!HowToChartAfter the Trade-Trigger (TT) line broke, the NASDAQ retreated and traded down toward its natural equilibrium: the Centerline, our 80% target. The yellow fork measures price momentum using pivots instead of RealSwings. As shown, it converges with the red Centerline and the yellow L-MLH. This is an inflection point where a significant reaction is likely; either a trend reversal or a decisive break of the red Centerline. The grey fork is what I call the "What-If" fork. It projects potential scenarios because we lack concrete evidence of a bounce. I ask myself "What if?" and prepare for a potential shift in direction. Bear case - Price trades through the Centerline: Expect a test and retest followed by continuation toward lower prices and the L-MLH. Bull case - NQ breaks above the U-MLH of the grey "What-If" fork. Thanks for reading and don't hesitate to boost if you like this analysis.