Nasdaq: MA50 break-out aims at 8,300.

Nasdaq has just crossed above the 1D MA50 on a very bullish technical outlook (RSI = 58.618, MACD = 2.240, Highs/Lows = 131.2143). The index is repeating the 2018 bull trend with the Highs and Lows price drops almost identical. As a result we have calculated the next High to be at 8,300 and this is our medium term target.

Note that this comparison has been very reliable and helped us catch both the previous High and Low of the pattern:

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