NASDAQ MACD deciding the rebound.

Nasdaq is having the strongest two day stretch since October 6th, turning around the 4H timeframe from vastly oversold to nearly neutral (RSI = 41.141, MACD = -139.060, ADX = 43.205). If the 4H MACD completes the Bullish Cross, it will be on the same low level as September 24th and August 21st, which where both Lows of the Falling Wedge pattern. If it fails to be formed, we will hold huying until the price reaches the LL trendline at the bottom of the Falling Wedge. In either scenario our target is the LH trendline of the Falling Wedge (TP = 15,150).

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