NASDAQ technical bounce as expected
Previously, with a hit on target, a technical bounce was expected, and the end of last week... it happened!
The NASDAQ weekly is leading the charge with an overwhelming bullish candle for the week. MACD histograms are thinning out and weekly MACD are about to cross over.
Using the simple arrows, projections bring the NASDAQ to 13,600 where it should meet the weekly 55EMA.
The daily chart shows a clear break out to the HULL moving average, and has MACD crossed over already. The week ended with a bullish marubozu.
Bullish clearly...
The NASDAQ weekly is leading the charge with an overwhelming bullish candle for the week. MACD histograms are thinning out and weekly MACD are about to cross over.
Using the simple arrows, projections bring the NASDAQ to 13,600 where it should meet the weekly 55EMA.
The daily chart shows a clear break out to the HULL moving average, and has MACD crossed over already. The week ended with a bullish marubozu.
Bullish clearly...
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