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
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Stock and Crypto Analyst
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