As discussed for S&P 500 (see below), I am expecting a series of fourth waves in NASDAQ 100. The first of these fourth waves is likely complete and the second fourth wave could start in two weeks (between 17-24 February) from around 9700.
I am expecting an uptrend from mid-March to mid-May taking NASDAQ to above 10000 after which the the third fourth wave could start. The longer fifth wave is likely to start around mid-June and could continue until November after which I am expecting a bigger correction to the range between 7000-8000. Could it be due to an unexpected election result?
This is likely to be followed by a major bullish market lasting for several years in a third wave taking NASDAQ beyond 20000.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
I am expecting an uptrend from mid-March to mid-May taking NASDAQ to above 10000 after which the the third fourth wave could start. The longer fifth wave is likely to start around mid-June and could continue until November after which I am expecting a bigger correction to the range between 7000-8000. Could it be due to an unexpected election result?
This is likely to be followed by a major bullish market lasting for several years in a third wave taking NASDAQ beyond 20000.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
