Nasdaq - ATH (significant event happened). What's next?

NASDAQ Composite Index ( IXIC ) is one of the world's leading indexes, an index of high-tech and rapidly growing companies.

My thoughts: I decided to share them with you!

In my opinion, a remarkable event has occurred today in the world economy!

Today, there has been a significant breakthrough in the ATH (All-Time High) in the history of the NASDAQ Composite Index’s existence.

Why is this so important in my opinion?

Taking into consideration all the fundamental factors that should have contradicted this event such as the general financial situation in the world, turbulent political situations, COVID-19, poor economic situations in the leading economies of the world, unemployment and above everything else it still happened!

Thoughts: New reality!

First of all, the paradigm of world development is changing!

Today, right on the chart we see that the index of technological companies NASDAQ Composite is emerging as the growth leader.

Being, in fact, a precursor for future growth, a new reality, possibly a new leading indicator for the rest of the global market and most likely for other leading world top indexes such as DJI, S&P500 and others.

And it is also possible for other risky assets including Bitcoin and the whole cryptocurrency market.

Secondly, all of this is happening against the backdrop of a huge number of problems in all areas of the economy and life!

And finally, what this all points to in my opinion:

It says that in spite of all the problems in all areas, the capital is not invested in reserve assets such as gold (although some part probably goes there) but invested in technological companies, which will, in fact, be the ones changing our reality and our future.

P.S

The chart shows the goals of possible corrections. In my opinion, if the situation in the world worsens, then a correction of a complex protracted form is possible from these levels.

(At the moment it is not possible to calculate them)

However, in the current state of affairs, the general movement seems to be still heading up!


Important!

Once again for understanding, the wave structure, patterns, graphic models tend to change or change the structure, therefore confirmation is important.

Remember!

Forecasts of financial markets are the private opinion of the author.
The current analysis is not a guide to trade.

The author is not responsible for the results of work that may arise when using trading recommendations from the submitted reviews.