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Nasdaq: Weekly Forecast 16th January 2022

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Nasdaq is no doubt in a bull market even though it has ranged for the past 2 months and seems to be breaking lower.

However, it has repeatedly create a new wave of rally every times it reaches the black MA, rebounded off, then retest again before it really takes off.

As of now, the market has completed a retest and we are seeing a rebound again which may very well be the beginning of yet another rally to a new high.

This week, we will focus on buying, likely to buy at the beginning as we are expecting little to no retracement before it reaches 16300.

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