NASDAQ ahead of the most critical Resistance test.

Nasdaq (NDX) not only broke above the Lower Highs trend-line of its All Time High (ATH) last week but managed to break and turn the 4H MA200 (orange trend-line) into Support.

It is now aiming for the 1D MA50 (red trend-line), which is the most crucial Resistance level of this recovery attempt and is what technically turns bearish trends into bullish if it turns into Support.

We expect a short-term rejection there, which should give a buy opportunity near the 4H MA200. Our Target for this is 20350 (Resistance 1).

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