CapitalHubs

Next NASDAQ100 target

Long
NASDAQ:NDX   Nasdaq 100 Index
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On the chart I have used simple analysis which follows the strength of the recent bull markets and the range of the bear ones as a base for building projection for the next NASDAQ target.

The foundation of the projection is the summer bottom of 2439 registered on 1st of June. Adding the average gain for the previous two cycles (around 750 points) gives a target level of 3200.

Full analysis at http://www.CapitalHubs.com

Comments

Update: After recent turmoil in AAPL and GOOG shares NASDAQ is slightly above to 200 day moving average. If there is not significant market shaker event sending the index under the 200 MA we are probably headed to the Autumn-Spring bull market according to the Seasonal pattern.
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charttrader CapitalHubs
Thank you for the update.
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Followed.
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Followed.
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Agreed.
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Long term pitchfork studies concur with your analysis. A pullback is needed back to the oscillation line on the pitchfork for further up move. Thanks, very logical
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Agreed.
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Followed.
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Followed.
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Agreed.
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