My primary view is that the market remains in a larger Daily Wave 3 (bull market), with the recent pullback representing a correction within the ongoing uptrend.
On the 2-hour chart, I believe the market has completed either Wave A-B of an A-B-C structure (5-3-5) or Wave 1-2 of a five-wave impulse. If this interpretation is correct, the next move should be either Wave C or Wave 3, both pointing to further upside.
As long as the recent low holds, the bullish scenario remains favored. I continue to expect Nasdaq 100 Futures to target the 31,000–32,000 region during July.
On the 2-hour chart, I believe the market has completed either Wave A-B of an A-B-C structure (5-3-5) or Wave 1-2 of a five-wave impulse. If this interpretation is correct, the next move should be either Wave C or Wave 3, both pointing to further upside.
As long as the recent low holds, the bullish scenario remains favored. I continue to expect Nasdaq 100 Futures to target the 31,000–32,000 region during July.
Stock and Crypto Analyst
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Stock and Crypto Analyst
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.