NASDAQ got the 4H MA50 confirmation it needed

Nasdaq (NDX) has been trading within a Channel Up since the April 21 bottom and last week it unfolded its latest technical Bearish Leg.

As the 4H RSI bottomed on the 30.00 oversold barrier and the 4H MACD formed a Bullish Cross, that Leg bottomed and today the index gave the confirmation of the new Bullish Leg by breaking above its 4H MA50 (blue trend-line).

This is similar to the April 21 bottom, so we expect at least a minimum of +9.18% rise on the current Bullish Leg, which gives a 22500 short-term Target.

-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇