What is the Expected Price Movement of the Nasdaq?
The algorithm now suggests that within the strong upward trend, a correction is imminent. With the highest point at 20,390, the first price target has almost been reached, and we can expect a decline of 5% to 8% from the top at 20,390 in the coming weeks. The long-term price target remains at 21,500, but a correction to levels between 19,200 and 18,600 is the most likely step and the precursor to the next leap to 21,500.
Below is the chart of the Nasdaq100 -future as of April 1, 2024. After the solid correction within the uptrend in April, you can see that the index continues to trend very strongly and that the first price target has been reached.
Chart: Nasdaq 100 Future from April 1, 2024, to June 20, 2024
Major stock market news in the week of June 24, 2024 to June 28, 2024
the sting is in the tail in the upcoming week regarding, the figures and events. On Friday at 2:30 p.m., important inflation figures come out of the U.S.
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