Weekly NASDAQ Outlook (NQ!)Last Friday, NQ! closed at 23,998.6, after a strong decline into the weekly close. When the market reopened on Monday, it gapped up — likely due to weekend events and news.
That gap has since been completely filled, and price has shown a solid push to the upside during the week.
For the coming week, I’m expecting NQ! to take out the all-time high and possibly form a new high.
However, before that happens, I’d like to see a retracement toward the 24,692.8 level, which could provide high-probability long setups.
There’s also a possibility that price won’t revisit this level and instead continues pushing higher directly, but a clean pullback into 24,692.8 would offer a great entry opportunity for longs.
📊 Outlook Summary:
- Expecting bullish continuation.
- Ideal retracement zone: 24,692.8.
- Main target: New all-time high above previous peak.
