Hi Everyone,
Just a quick update.
It still appears that last week's bullish forecast for the Nasdaq 100 is still holding, before this week's open.
Additionally it appears an inverted head and shoulders pattern has been forming*, which is considered a high probability bullish pattern.
My projection is still to reach is 13.7k, but I would turn bearish below 12.65k as key support would be broken.
Also, there is also a secondary more bullish target around 14.2-14.3k based on the reasons highlighted in the chart,
Good luck!
(*credit to @watkinsongw for spotting and sharing this early!)
Just a quick update.
It still appears that last week's bullish forecast for the Nasdaq 100 is still holding, before this week's open.
Additionally it appears an inverted head and shoulders pattern has been forming*, which is considered a high probability bullish pattern.
My projection is still to reach is 13.7k, but I would turn bearish below 12.65k as key support would be broken.
Also, there is also a secondary more bullish target around 14.2-14.3k based on the reasons highlighted in the chart,
Good luck!
(*credit to @watkinsongw for spotting and sharing this early!)