NASDAQ: 2 month bearish trend still intact, aiming at 26,000.US100SKILLING:US100InvestingScopeNasdaq marginally turned bullish again on its 1D technical outlook (RSI = 55.263, MACD = -61.530, ADX = 30.242) due to last week's rally but the long term trend remains bearish (Megaphone), a corrective bearish wave since the June 3rd top. The LH trendline is the Resistance of this structure and as long as it holds, there are strong probabilities to replicate the Jan-March correction that hit the 1W MA70. The 1st bearish wave of the Megaphone made a LL on the 1.5 Fibonacci extension. A 1W MA70 test (TP = 26,000) on the LL trendline would even be marginally above the 1.5 Fib. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##