NASDAQ Slow and steady rise within a 3-month pattern.

9 de jul.

Nasdaq (NDX) is simply extending the new Bullish Leg of the now almost 3-month (since April 19) Channel Up (blue) pattern. Supported by the 4H MA50 (blue trend-line), it should stay this way until the next Higher High, which we anticipate to be at 21300 at least.

That will be almost a968% rise, which is the smallest Bullish leg registered on the May 23 Higher High. The other was +10.40%, so there is a high degree of symmetry among the Legs of this Channel Up.

The 4H CCI on each Bullish Leg is also fairly symmetrical and it shows where we cyrrently might be relative to the previous sequences. Note also that the 4H MA200 (orange trend-line) has been unbroken since May 06 (more than 2 months), indicating that at the moment is the strongest medium-term Support.

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