NASDAQ on its 1-month Support. Strong Buy.

Nasdaq (NDX) broke yesterday below its 4H MA50 (blue trend-line) and is testing today the Higher Lows trend-line that started on the January 06 Low. This is the buy entry with the highest short-term probabilities of success. We clearly outlined this solid buy level on the 0.618 Fibonacci retracement level in our analysis last week:


As long as the Higher Lows hold, we are on a buy targeting 13400 (+9% rise which has occurred 3 times so far during that pattern). A break below targets the 4H MA200 (orange trend-line).


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