NASDAQ: normalization outlook, zoomed out
Hi,
In my previous post about NASDAQ I shared my points why I removed my share holdings in October 2021, and what targets I'm looking at before taking US tech positions again (not sooner than H2 2022).
Here's a zoomed out view, with some important long-term averages and a trend line I'm looking at. I'm not sure about Target 3, but that level is also possible to reach. My best bet would be that it will reach to target 2.
The previous explanation.
Be safe out there.
Cheers,
Antonio
In my previous post about NASDAQ I shared my points why I removed my share holdings in October 2021, and what targets I'm looking at before taking US tech positions again (not sooner than H2 2022).
Here's a zoomed out view, with some important long-term averages and a trend line I'm looking at. I'm not sure about Target 3, but that level is also possible to reach. My best bet would be that it will reach to target 2.
The previous explanation.
Be safe out there.
Cheers,
Antonio
Comment:
There is nothing much to say about the monthly chart, it just looks awful.
Comment:
Target 1 hit. I am expecting target 2 by the end of the year