Timonrosso

UPDATE: Nasdaq target 1 reached next one even higher1

Long
NASDAQ_DLY:NDX   Nasdaq 100 Index
16,956 target reached easily.

This was based off the W Formation and the price breaking above the neckline.

Then we had the run up which surpassed the first target of 16,956 - Text book.

Now the price is heading to the next target at 18,800. This is purely based off a momentum trending strategy.

The bull run is not over until it's over...

So trade cautiously and trade within the trend.

If you're predicting tops, EGO is taking over.

If you're predicting tops, Gambling mentality is lurking.

If you're trading tops - You feel you have something to prove.

Simple.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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