Even though on the daily chart of the Nasdaq 100 index you can see a Golden Cross between MA 50 and 200 which indicates bullish conditions in the index, if you pay attention to the price movement with the MACD indicator there is the appearance of a Head & Shoulders pattern, this indicates that in the next few days #NDX has the potential to be corrected downwards. to test level 16176.2 if this level is successfully breaks downwards then #NDX has the potential to continue its correction up to level 15690.7 as the main target and if the momentum and volatility are sufficient to support then level 14047.2 will be the next target but this weakening condition will become invalid if In the course of its weakening, #NDX suddenly returns to its initial bias (Bull), especially if it breaks above level 16968.4, the weakening scenario previously described will cancel itself.
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