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Jan 21, 2024 1:16 PM

NDX: extension of gains till at least Tuesday 

NASDAQ 100 IndexNASDAQ

Description

Ab upward weekly cycle has been broken to the upside. Time elapsed is 4 days. We can extend the duration till 6 days (minimum, 8 days median duration or up to 11 days. In this latter case we expect a new full green weekly candle.

TP1 17,386.14
TP2 17,683.00

Comment

As for the analysis (correct) we have extended the gain. Now we are already in minimum time hedge to see a retracement, it can start tomorrow or next week, hence, be aware .
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