Nasdaq: Weekly Forecast 20210704
Nasdaq broke 3 new consecutive historical highs in a week, rising through the week along with DJI and SPX.
There is no sign of selloff and the market just kept buying the dips which will probably last through a couple more months.
Nasdaq has been climbing strongly within a rising channel and the recent rebounds came right at the middle of the channel.
If we were to follow this characteristic, we can simply wait for a pullback towards 14570 to go long again, aiming for the top of the channel and eventually reaching 15000.
There is no sign of selloff and the market just kept buying the dips which will probably last through a couple more months.
Nasdaq has been climbing strongly within a rising channel and the recent rebounds came right at the middle of the channel.
If we were to follow this characteristic, we can simply wait for a pullback towards 14570 to go long again, aiming for the top of the channel and eventually reaching 15000.
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