A few days of indecision and now some movement is nice to see.
Nasdaq has been down but likely only fall another 150 points or ~1% to hit the 200 EMA day support at around 12,900, then hopefully a bounce and close on the gap at 13,467.
Nasdaq composite golden crosses on a daily chart have occurred in Feb 2022, April 2023, and hopefully will be similar i.e. April-June 2024 (fib time zone suggests start of June 2024), before a general bearish market downtrend.
Despite all the market uncertainty Lumos is doing pretty well, and with some decent announcements I can see a re-rate regardless of the macro market outlook.
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