US 100

NASDAQ rising to 12330 (4hour MA50). How to trade it from there.

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Nasdaq - US100 touched the 4hour MA200 today and is on a technical rebound. Our target is 12330, the 4hour MA50.

If it closes above it, continue buying to 12600 (+2.05% rise as the previous breakout).

If the 4hour MA50 holds, sell and target 11835 (above Fibonaci 0.5 and expected contact with the 1day MA50).

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