NQ closed in December with candles which would not change this 10-month old long term forecast. Following the recent technical events, NQ has a good chance to end up in the red rectangle.
In this yearly analysis, I will interpret the candles that Nasdaq formed on multiple frames. We will discuss the alarming technical events and analyze the long and short term perspectives for NQ using Elliott Waves and other techniques.
This post is part of the @InvestingAngles Series that covers major US and global indices; bonds and volatility, commodities and miners, currencies and crypto, and some large cap stocks.
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