Long

NASDAQ RSI hit the long-term Buy Zone

Nasdaq is giving a double long-term buy signal as besides the RSI on the 1D time-frame entering the Buy Zone that has been in effect since the March 2020 market crash, the price itself hit the Higher Lows trend-line that has been holding since the November 2020 U.S. elections bottom. The 1D MA200 (orange trend-line) is right below as it was on all 3 major bottoms of 2021 (March 05, May 13, October 04).

We expect the Channel Up top again around 18000 (1.786 Fibonacci extension) by the end of March.

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