We are near the peak of bullish
excitement. My original idea I published as a chart 7 days ago is starting to get confirmed. Now if the Nasdaq Composite
behaves somewhat similar how the S&P 500
currently does, then the Nasdaq Composite
is near a short trend change, but overall the long-term uptrend is still strong. Which is why I show two scenarios:
Scenario A "brief dip"
- Short entry: 5090
- Target: 4960
Scenario B "deep decline"
- Short entry: 5030
- Target: 4860