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Nasdaq: MA50 break-out aims at 8,300.

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Nasdaq has just crossed above the 1D MA50 on a very bullish technical outlook ( RSI = 58.618, MACD = 2.240, Highs/Lows = 131.2143). The index is repeating the 2018 bull trend with the Highs and Lows price drops almost identical. As a result we have calculated the next High to be at 8,300 and this is our medium term target.

Note that this comparison has been very reliable and helped us catch both the previous High and Low of the pattern:







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Comments and likes are greatly appreciated.
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Nice analysis! I think right now fundamentals are out weighing technicals. In specific, the trade war. The whole market seems to be trading on USA/China news, and even rate cuts have taken a back seat. The market is already expecting at least a 25 BP rate cut, but they don't know what to expect with USA/China. So any positive trade news shoots the market up, and any negative trade news brings it down. However, if for some reason the Fed decides to cut 50 BP, I think the market will rocket up... but I'm not holding my breath for a 50 cut, just a 25 which is already priced in I think.
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BUY limit and Stoploss..???
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