US Tech 100
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NASDAQ 10-day Channel Up making a correction.

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Nasdaq (NDX) has formed a 10-day Channel Up on the 1H time-frame, currently supported by its 1H MA200 (orange trend-line) directly below it.

Having made a Higher High yesterday, the pattern should now make its new Bearish Leg towards the 1H MA100 (green trend-line) and the 0.5 Fibonacci retracement level, which is where the first Bearish Leg corrected.

As a result, our short-term Target is 24450. Keep an eye also on the 1H RSI Buy Zone, which gave the last three most effective buy signals.

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