Long term highs look set in Nasdaq
Here we are tracking the highs for a very long time in US Equities...those betting on the end of cycle risk correction via Fed July cuts have one level to track 7855.25.
Momentum is starting to fade to the upside and bulls are looking exhausted, this is a textbook exhaustion leg cooking that we will trade live. A break under 7502.75 will unlock a momentum leg towards the ABC structure at 6911.50.
Anything under 6911.50 will do serious damage from a technical perspective and will officially mark the end of the economic cycle. Stay tactical, sell the highs and with a bit of luck we can materialise below 6911.50 for the jackpot.
Best of luck all those tracking the end of the economic cycle.
Momentum is starting to fade to the upside and bulls are looking exhausted, this is a textbook exhaustion leg cooking that we will trade live. A break under 7502.75 will unlock a momentum leg towards the ABC structure at 6911.50.
Anything under 6911.50 will do serious damage from a technical perspective and will officially mark the end of the economic cycle. Stay tactical, sell the highs and with a bit of luck we can materialise below 6911.50 for the jackpot.
Best of luck all those tracking the end of the economic cycle.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.