How high can we go? After the direct breakout above 14.227 & based on the current trend, the index should now approach at least 14564 to 14627 points next. The reaction on this area will show whether I need to adjust my count.
Conclusion: as long as the Nasdaq stays above 13,830 points, new highs can be assumed. Next minimum goal is around 14564 to 14627 points.
The Nasdaq is a beast & leaved the support area at 13830 point very easily! Soon there should be a small correction between 14564 - 14627 points, but then the index should continue in the direction of 15000 points. If the Nasdaq continues like this, the question that arises more and more is whether the count have to be adjusted & whether we will experience a much stronger upward movement than already given... Decisive for this will be the reaction of the Nasdaq to the area between 14564 - 14627 points. If there is no real correction, there is far more potential in the Nasdaq than the current count shows.
15min:
Possible levels for a corrective movement: 14.340-14.288-14.246-14.204.
Conclusion: as long as the Nasdaq stays above 13,830 points, new highs can be assumed. Next minimum goal is around 14564 to 14627 points.
The Nasdaq is a beast & leaved the support area at 13830 point very easily! Soon there should be a small correction between 14564 - 14627 points, but then the index should continue in the direction of 15000 points. If the Nasdaq continues like this, the question that arises more and more is whether the count have to be adjusted & whether we will experience a much stronger upward movement than already given... Decisive for this will be the reaction of the Nasdaq to the area between 14564 - 14627 points. If there is no real correction, there is far more potential in the Nasdaq than the current count shows.
15min:
Possible levels for a corrective movement: 14.340-14.288-14.246-14.204.
