kerdirks

IXIC Bullish Pre-Election

Long
kerdirks Mis à jour   
NASDAQ_DLY:IXIC   Indice Composite Nasdaq
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.
Commentaire:
Retracing to trendline support; looking good ... expecting more upside.
Commentaire:
$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.
Commentaire:
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.

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