NASDAQ 1st Bearish Cross since February signals strong pull-back

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NASDAQ 1st Bearish Cross since February signals strong pull-backUS Tech 100TRADENATION:USTECTradingShotNasdaq (NDX) is about to form its first 1D MA50 (blue trend-line) - 1D MA100 (green trend-line) Bearish Cross since February 24 2026! When that took place, the market started a correction that broke below its 1D MA200 (orange trend-line) and found Support just above the 1W MA100 (red trend-line). Within Nasdaq's 2-year Channel Up, there has been another 1D MA50/ 100 Bearish Cross on March 18 2025, which was in the middle of a strong correction (U.S. - China Trade War) and even broke below the 1W MA100. All those pattern's (including the current one so far) have in common also a 1W RSI trading below its MA (yellow trend-line) around the 60.00 level. As a result, it is technically plausible to expect a new Bearish Leg to start, which can hit the bottom of the Channel Up at 26000 by early November and the U.S. Mid-term Elections, without even having to test the 1W MA100. --- ** Please LIKE πŸ‘, FOLLOW βœ…, SHARE πŸ™Œ and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡