NASDAQ going to 23500 by August.

Nasdaq (NDX) is trading above the previous All Time High (ATH) Resistance, staging a very structured uptrend that has recently gotten out of a 1D Golden Cross.

As long as the 1D MA50 (blue trend-line) continues to support, we might get a repeat of the November - December 2024 rally that peaked on the 1.382 Fibonacci extension level from he August 2024 Low.

That whole July - October 2024 pattern is quite similar to the February - June 2025 of today. A quick pull-back is possible at this stage but by the end of August, we expect the index to test at least the 23500 level.

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