Nasdaq Daily ($NQ): A Flat Base

Nasdaq Daily ($NQ): a flat base pressing against a declining wedge.

If this structure holds, it implies capped upside within the pattern, while the horizontal base continues to act as a firm floor near the March 6 low.

The next higher target is clearly defined within this framework (see chart below). $25,100 is next target, about $500 recovery. If we can…