NASDAQ One more low to go.

Nasdaq (NDX) has been trading within a short-term Channel Down since the December 16 2024 High. So far it has made two Lows and each one bottomed after the 4H RSI made Double Bottom as seen on the chart.

Right now the 4H RSI just turned oversold below 30.00, so technically we still have room for one last Low before we see a rebound. We expect the next Bullish Leg to target at least 21300, which is marginally below the 0.786 Fibonacci retracement, the level that formed the previous two Lower Highs of the Channel Down.

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