After a healthy, needed pull back, the NASDAQ may have found the support it needed to finish its climb with the inauguration soon to come at the end of the month. Price has not been comfortable below the middle Keltner channel band during this push-up over the last few weeks. The MACD and and RSI look prime for a turnover, and Fridays push-up off of Thursdays...
This clear setup shows where price is projected to go based off of the manipulation leg. Price disrespects and pushes through the reversal zone. Price comes back and retests the zone and continues up to the projected -4 area.
