Nasdaq - It All Comes Down To This Month!

Dec 10, 2024

Nasdaq (NDQ) is at a crucial breakout level:



Click chart above to see the detailed analysis👆🏻

The Nasdaq rallied an incredible +25% over the past couple of months and is now actually also breaking a major resistance trendline towards the upside. This could still turn into a false breakout but if it doesn't, we will most likely see a flourishing stock market year of 2025

Levels to watch: $21.000, $28.000

Keep your long term vision,
Philip (BasicTrading)

Dec 18, 2024

Trade active

Trading update on Nasdaq (NDQ):



Click chart above to see the detailed analysis👆🏻

After dropping more than -3.5% today, the Nasdaq is actually starting to show some real weakness lately. However this does not mean that the breakout setup is invalidated. We just have to monitor price action quite closely and see whether this weakness will turn into something more dramatic or not.

Levels to watch: $21.000, $28.000

Keep your long term vision,
Philip (BasicTrading)

Dec 25, 2024

Trade closed: target reached

Trading update on Nasdaq (NDQ):



Click chart above to see the detailed analysis👆🏻

It seems like we finally know what will happen with the Nasdaq during 2025. After confirming the breakout above the resistance trendline, bulls are now totally taking over and aiming for another new all time high. This means that at least during the beginning of 2025, we will see a couple of new all time highs.

Levels to watch: $28.000

Keep your long term vision,
Philip (BasicTrading)