Chart of the day: Is the Nasdaq breakout retesting or failing?

The article is a technical analysis on Nasdaq futures, focused on whether the recent breakout above a descending channel is being successfully retested or failing. NQ is trading near 29,616 and is testing the 29,500-29,600 zone, which now acts as the key decision area. A hold above this level would support a bullish continuation toward 30,000-30,200 and potentially the 30,975 high. A daily close back inside the channel would signal a failed breakout and raise the risk of a move back toward 29,000 and then 28,700-28,800. The piece stresses that the daily close will be the most important confirmation signal for traders.