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The U.S. equity market faces a critical technical juncture. Until the recent resistance level is decisively broken through, the broader market appears positioned for a substantial pullback. Conversely, if that key high gets penetrated, the bias flips bullish—at which point I'd be establishing long positions. The technicalities here are straightforward: directional conviction hinges on whether buyers can overcome that overhead resistance. For those watching $NQ_F (Nasdaq-100 E-mini futures), this breakout level will be the tell. Mark it, watch it, and let price action do the talking.