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Nasdaq Near Term Forecast: New high?
Hi Everyone,
Just to share an update on the Nasdaq 100.
Based on the prior forecast, the wave 3 is extended but I'd be surprised if it broke above 13.6k resistance.
My expectation is for a back-test around 13.35k to complete wave 4.
Assuming Wave 5 reaches the high probability 61% Fibonacci of Wave 1-3, I would expect an eventual new Nasdaq 100 high at around 14k.
This is slightly higher than the initial target of 13.7k forecasted a week ago.
Good luck!
Just to share an update on the Nasdaq 100.
Based on the prior forecast, the wave 3 is extended but I'd be surprised if it broke above 13.6k resistance.
My expectation is for a back-test around 13.35k to complete wave 4.
Assuming Wave 5 reaches the high probability 61% Fibonacci of Wave 1-3, I would expect an eventual new Nasdaq 100 high at around 14k.
This is slightly higher than the initial target of 13.7k forecasted a week ago.
Good luck!
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