NASDAQ Critical level for short-term.

Nasdaq (NDX) is testing a strong short-term Support Cluster, the Lower Lows trend-line and the bottom of the 1H Channel Up. Being below the 1H MA50 (blue trend-line), the trend is right now neutral until one of the two levels breaks.

If the index breaks above the 1H MA50, we will turn bullish again, targeting 22200 (+5.70% from the current Low, the minimum % rise in the past month).

If it breaks below the Support Cluster, we will turn bearish, targeting the 1H MA200 (orange trend-line) at 20800.

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