The target set more than two months ago has been reached. As seen on the chart NASDAQ100 has recently entered a correction. Exploring back previous two years of performance some repeating patterns has been spotted. The technological index enters bullish
phase which starts at the year end. The cycle continues roughly until the spring
followed by summer period with zigzag
consolidation. If the pattern repeats itself this year we have just entered in prolognged summer consolidation with support at 200 MA - 2400.