NASDAQ: Rejected at the top of 4 year Channel Up.US 100CAPITALCOM:US100InvestingScopeNasdaq turned neutral on its 4H technical outlook (RSI = 52.344, MACD = 126.670, ADX = 33.442) as it's on the strongest short term correction in a month. The price hit early this week the top of the 4 year Channel Up and last time that kickstarted the recent correction. Since that one crossed under the 1W MA50, this time the aim should technically be the lower 1W MA100. That last low touched the 0.5 Fibonacci level before rebounding, and that's our target (TP = 23,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##