Nasdaq Composite Near A Short-Term Top Around 5065-5090 Points
We are near the peak of bullish excitement. My original idea I published as a chart 7 days ago is starting to get confirmed. Now if the Nasdaq Composite behaves somewhat similar how the S&P 500 currently does, then the Nasdaq Composite is near a short trend change, but overall the long-term uptrend is still strong. Which is why I show two scenarios:
Scenario A "brief dip"
Scenario B "deep decline"
Scenario A "brief dip"
- Short entry: 5090
- Target: 4960
Scenario B "deep decline"
- Short entry: 5030
- Target: 4860
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