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Even though currently on the 4-hour chart the Nasdaq 100 index has a Death Cross crossing between the 50 and 200 MAs, the appearance of the Descending Broadening Wedge pattern and the deviation between price movements and the Stochastic Oscillator indicator confirms that in the near future #NDX has the potential to be corrected upwards during The current decline does not fall below level 17124.2, so #NDX has the potential to strengthen again to level 17811.0 as the main target and if momentum and volatility support it, it is not impossible that level 18162.6 will be the next target to be achieved.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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