Nasdaq (NDQ) is starting the next parabolic rally:
Click chart above to see the detailed analysis👆🏻
Although the Nasdaq is about to create a new all time high, this is just the beginning of the next major higher timeframe bullrun. The Nasdaq just broke above the channel resistance and is now heading for a +30% move. It feels absolutely counterintuitive - welcome to the stock market.
Every minor dip is being bought on the Nasdaq which clearly shows that bulls are 100% in control. Nasdaq is also about to create a new all time high which will squeeze out all the short sellers. Just look at what happened in 2020: another 30% from here is totally possible.
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