Seeing a bull indicator on the 2H time interval and looks like we are consolidating after a wave 1 push off the recent low. A fib extension of 2.0 will get the NASDAQ right to the 12,000 level before it starts to correct again.
Note that the MACD bar plot is heading back to zero, which is a sign that things are about to sell and NDX is pushing up against trend line. Watch to see if it breaks the line and makes this a false breakout.
Note that the MACD bar plot is heading back to zero, which is a sign that things are about to sell and NDX is pushing up against trend line. Watch to see if it breaks the line and makes this a false breakout.
