Does Colossians 2:16, 17 say that the Sabbath, Biblical Holidays, and New Moons are abolished?

Here are a couple of verses that are often taken out of context, which claims that the Shabbat, along with other things, was abolished when Christ died on the Cross. Is this what the verse is actually saying? Let's read the verse and talk about it for a moment.

Colossians 2:16 ESV

16 Therefore let no one pass judgment on you in questions of food and drink, or with regard to a festival or a new moon or a Sabbath. 17 These are a shadow of the things to come, but the substance belongs to Christ. 

The verse actually states that the Sabbath, new moon, or biblical holidays are a shadow of things to come, not something that has already taken place.

We still celebrate shadows that point to the Messiah's death, even though they are not the substance.

For example, Communion is a shadow of His death, but we still celebrate it because the substance is His body and blood.

Similarly, marriage points to Yeshua and the church, and we still celebrate it despite Jesus being the substance.

Furthermore, verse 18 states that the judgment that was being passed, is regarding asceticism, which, according to verses 8 and 22, is based on human tradition, human teaching, and precepts, not biblical commands.

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