Hi Everyone,
Just to share a near-term forecast for the Nasdaq 100.
I think that we're in the last sub-wave 5 which I expect to complete around 12.8k. This corresponds to 50-61% applied projection of wave i-iii, and also has significant prior support from recent months.
After this point, I expect the Wave 1 to be completed, and for their to be a bounce to the mid-13k level to form Wave 2. Assuming these waves do occur, I expect other asset classes such as crypto to correlate strongly to this movement.
This analysis is void if 12.8k is significantly breached.
Good Luck!
Just to share a near-term forecast for the Nasdaq 100.
I think that we're in the last sub-wave 5 which I expect to complete around 12.8k. This corresponds to 50-61% applied projection of wave i-iii, and also has significant prior support from recent months.
After this point, I expect the Wave 1 to be completed, and for their to be a bounce to the mid-13k level to form Wave 2. Assuming these waves do occur, I expect other asset classes such as crypto to correlate strongly to this movement.
This analysis is void if 12.8k is significantly breached.
Good Luck!