NASDAQ keeps going! But how long?
Updated
The Nasdaq just doesn't care. The thing just keeps going and further confirms the bullish outlook of the past few weeks. From the area between 14564 and 14627 points, however, a countermovement must be expected. If the market continues to stick to the stored scenario, we are talking about around 300 points. Nothing crazy and nothing that would cause us to reverse the trend. So dont short the market in such a phase. A major correction will only remain an issue again if the index falls back below 13830 points. Until then, everything remains within the upward movement and mid-term targets above 15,000 points.
I can only state that everything is currently going according to plan. As long as the market is trading above 13,830 points, everything is fine. A target area may be available again with the next intermediate correction.
I can only state that everything is currently going according to plan. As long as the market is trading above 13,830 points, everything is fine. A target area may be available again with the next intermediate correction.
Note
Related publications
Disclaimer
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.