Panjang

Nasdaq: Weekly Forecast 20210704

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Nasdaq broke 3 new consecutive historical highs in a week, rising through the week along with DJI and SPX.

There is no sign of selloff and the market just kept buying the dips which will probably last through a couple more months.

Nasdaq has been climbing strongly within a rising channel and the recent rebounds came right at the middle of the channel.

If we were to follow this characteristic, we can simply wait for a pullback towards 14570 to go long again, aiming for the top of the channel and eventually reaching 15000.

Penafian

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