IXIC Bullish Pre-Election
Updated
The index has been forming what appears to be a Head & Shoulders pattern for time now.
The confirmation appears to have been confirmed recently.
NFA DYOR
Am expecting an ATH around the 20k zone; let's see if it can get there.
The confirmation appears to have been confirmed recently.
NFA DYOR
Am expecting an ATH around the 20k zone; let's see if it can get there.
Note
Retracing to trendline support; looking good ... expecting more upside.Note
20k is the target of the Head & Shoulders pattern; but that won't be the ATH.Am expecting 30k as the ATH as it appears to be the 2.414 extension.
See also FI (Fiserv) and NVDA (Chip Maker) as am expecting them to 2X - 3X in the near term.
Note
Sources are injecting tons of liquidity into the market pushing it up ahead of the election. The FED is holding steady on interest rates while WTI/Oil is heading higher fueling more inflation for the coming months. Expected ATH target is still in the 20k zone.
Note
The NASDAQ Composite has breached the Fib Circle and is extending to the next dimension. Expected orbit available at the following link.x.com/kerdirks/status/1800624724692869349
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