Price development Nasdaq
The Nasdaq futures are currently at 18,735, which is 500 points higher than last week.
At this level, the first price target has been reached. The Nasdaq shows such strong upward momentum that, although a slight correction to around 18,400 can be expected, the target of 21,500 is sharply in sight. The most probable scenario only changes if the Nasdaq future falls below the 17,000-point threshold.
Below is the chart of the Nasdaq100 futures as of October 2023. You can see the substantial corrective decline from mid-March to mid-April and the uptrend with the first price target of 18700 after that.
Important stock-related news
No major macroeconomic figures will be released in the coming week.
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