Nasdaq futures formed a new Higher Low within the long-term Channel Up on Friday and today (due to the Martin Luther King holiday) is naturally consolidating. This is still a bottom formation signal, as the very same Higher Lows pattern (green arrow) was previously seen in early October. That was a bottom formation with the 1D CCI sequences of then and now being identical. The confirmation for a rally will come once the 1D MA50 (blue trend-line) breaks as it happened on October 18.
Really appreciate it your good job! I like your analyses ! But long term support trend line was broken today, higher lows in this analyse is broken too. Maybe MA200 level should we touch for uptrend....