MarkLangley

NQ what is the outlook for 2024

MarkLangley Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Looking at the January 2022 (Yellow Bars) and 2023 (Red Bars) moves and overlaying them onto 2024 chart we can clearly January corrects the seasonal or Santa rally the question then what happens after that, the convergence is at 15278/15560, that will be decision time.
I will post a daily and weekly chart to see if i can answer the conundrum.
Comment:
we at that juncture now where this NQ can correct aggressively and with OPEX out the way and NVDIA quarterlies about to hit the street time to be cautious. I know the market is all AI bulled up but a scary correction is looming not saying the end of days but need a pullback and consolidation and beware.

Mark Langley
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