Nasdaq 100 Consolidates Near Record High: Is a 22,000 Target Nex
The U.S. presidential election has sparked optimism also in the stock market, with the technology index rising by 1,000 points.
Following this new all-time high, the Nasdaq 100 (
NAS100 ) is now consolidating just below that level.
This consolidation is taking the shape of a flag pattern, which could signal potential for further upward movement.
A breakout to the upside would confirm this pattern and could set the stage for additional gains, with a target of 22,000 points.
Following this new all-time high, the Nasdaq 100 (
NAS100 ) is now consolidating just below that level. This consolidation is taking the shape of a flag pattern, which could signal potential for further upward movement.
A breakout to the upside would confirm this pattern and could set the stage for additional gains, with a target of 22,000 points.
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