NASDAQ Long-term looks brighter than ever!Nasdaq (NDX) has been trading within a massive Channel Up since the bottom of the 2008 U.S. Housing Crisis and during the April 07 2025 bottom, a very distinct bullish signal emerged.
The index hit its 3W MA50 (blue trend-line) for the first time since May 2023. As you can see, since the 2008 Crisis, every time the market rebounded after hitting the 3W MA50, it posted a rise of at least +62.06% before the next time it touched it (and that was on the highly irregular COVID crash).
As a result, we expect to see NDX hit at least 26500 (+62.06%) before a new 3W MA50 test. Chances are we see the market move much higher though.
Note also the incredible bounce it made on the 3W RSI 14-year Support Zone.
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