US100
Short

NASDAQ: Channel Down on a new bearish wave to 28,500

244
Nasdaq turned neutral on its 4H technical outlook (RSI = 46.274, MACD = -43.450, ADX = 23.780) as it started to correct the April-May rally. The pattern it uses is a Channel Down which just got rejected on its 1H MA50 near its top. Expect a new -1.80% bearish wave as minimum, TP = 28,500.

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