TizTrader

NASDAQ - DAILY MARKET UPDATE

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CME_MINI:NQ1!   NASDAQ 100 E-MINI Futures
The Nasdaq is pushing further north and I assume that the interim correction has already bottomed out. Even if I cannot rule out that the movement again dips into the region from 14530 to 14421 points..For the bulls it is important to make the breakout above 14883 points. It speaks more for a direct continuation and the end of the correction. Logically, the market now has to hold above 14540 points. Otherwise the alternative would come on the scene as shown and we would start the area again.

Thus, it can be said that the Nasdaq continues to consistently continue on its way north. With an breakout of over 14883 points, prices of at least around 15000 points are to be expected in the next step.
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