TizTrader

Quick update of the slow market (Nasdaq)

CME_MINI:NQ1!   NASDAQ 100 E-MINI Futures
The Nasdaq has been hovering around 15,000 points for days, and is unable to break away from them sustainably, either up or down. So we are ultimately caught in the corridor between 14849 and 15216 points. At this point we have to come to the conclusion that the detour as part of an interim correction would probably be better for the Nasdaq. For this a sell off below 14849 points is necessary. Until that one is not there, it cannot be assumed that the correction is already in progress.

As long as the Nasdaq does not slide below 14849 points, we must continue to assume that a direct run to 15644 points can be started here.
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