NASDAQ eyes 24300 as the Channel Up extends.

Nasdaq (NDX) has been trading within a 3-month Channel Up since the May 12 candle. Throughout the whole time, the 1D MA50 (blue trend-line) has been in firm Support and right now the pattern is unfolding its latest Bullish Leg.

The last two rose by +6.67%, so that gives us a Target of 24300 by the end of the month.

Notice also that the 1D MACD is about to form a Bullish Cross. The previous one was a strong buy signal during the most recent Bullish Leg.

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