NASDAQ: All According To Plan!
What’s changed?
After a brief pullback, Nasdaq futures resumed their rally from our now-deactivated Target Zone (27,914–26,968 points). With the Target Zone now deactivated, it may be appropriate to move stops to breakeven or take (partial) profits.
Primary Scenario
ADJUSTMENTS: In the primary scenario, NQ is likely to continue climbing and initially break through resistance at 30,975 points. The index should then keep rising and reach the cycle high within our red Target Zone (32,625–34,906 points), before a significant corrective move is likely to begin.