In principle, the Nasdaq still has space to the upside. We could also see another expansion, because like now the 3 has actually not expanded far enough. But the signs are there that the market has to take a deep breath now. If we should fall below the 14692 points, the correction is already present. Then I’ll adjust the target area for wave 4 (alternative). Until that is not the case, however, I continue to assume that the market still has room for improvement here in order to reach the region of 15,170 points or above. But that we are heading towards an interim correction in the short term is the expectation in all of my scenarios. That’s why I’m already loading up some short positions. Regardless of where it started, the correction can range from around 800 to 1000 points.
therefore I state that the market is reacting to the resistance zone. If we fail here and drop below 14692 points sustainably, the intermediate correction has already started and I will adjust the target area in the coming days.
therefore I state that the market is reacting to the resistance zone. If we fail here and drop below 14692 points sustainably, the intermediate correction has already started and I will adjust the target area in the coming days.
