Nasdaq has gone up in a typical diametric formation. To complete it should ideally go up to 14300 odd. However with the way the markets have shot up to unexpected
nasdaq
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Nasdaq weekly
Dated 28th jan 2021
The magic of 50 day and 200 day moving average.
Above is a simple 50 day moving average. One can see how the markets react on touching this and then moving higher. Along with a 1 minute elliot wave analysis