Nasdaq has turned neutral on its 1H technical outlook (RSI = 49.413, MACD = 5.680, ADX = 30.684) down from bullish previously, as it crossed below not only its 1H MA50 but the bottom of the 1 week Channel Up as well. Technically the 1H MA200 should be tested, which is currently headed for the S1 level (TP = 29,420).
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