The Nasdaq is in the process of correcting the rally from mid May, the C wave equality objective is sited at 14516, with the 50% retracement just below at 14321, coinciding with projected ascending trend line support, watch for bullish reversal patterns to develop in this area to set long positions looking for upside extension through prior cycle highs enroute to an eventual test of projected ascending trend line resitance above 16200
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.