Nasdaq turned bearish on its 1D technical outlook (RSI = 44.506, MACD = 455.250, ADX = 27.562) a significant drop from its overbought state just a week ago. The pattern that has emerged is a H&S, which technically aims at the 2.0 Fibonacci extension. Such a target (TP = 26,600) would marginally put the 1D MA200 to test. Observe also how its was the 1D RSI LH Bearish Divergence that called the June 2nd Top.
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