Australia's largest stock trading and investment forum Australia's #1 stock forum

SP500

Click for more information

0.58%

2,958.8 standard & poor's 500

NASDAQ will hit 100,000 at some point in the next 10-20...

First 14275 Last

Share
Profile

Follow
Tarvold

18,332 Posts.

1199

19/02/24

13:23

Post #: 72483571
Share

Originally posted by Sharetrader78: ↑

The way I'm looking at present NDX going over the last 5yrs of NDX trading FEB-MAR has seen some NDX weakness

2019 FEB-MAR was the last time NDX actually traded Bullish over FEB-MAR of course this was following weakness from late SEPT18 to late DEC18 ...and of course 2023 during the bearish move down from the peak 16,600 to just over 10,000 FEB-MAR was a breather period Bull trap

This FEB we have seen one of the most Bullish Hyped up NDX runs that's been running strong since the start of 2023 from 11,000 with one breather 1400pts pullback JUL-OCT but soon enough back on the BULL train to 18000 peak..

I'll be very surprised if we don't at least see a 1000pt correction(like 2021) (would be healthy if you believe in 20,000+ etc)..

But if see some black swan hit then maybe a larger correction might come about 2,500 like 2020 or maybe more ..

Expand

NASDAQ will hit 100,000 at some point in the next 10-20 years.
Markets are driven by advancements in technology & innovation.
What they do in the short term doesn't concern me.
If you can time your shorts to make money good luck to you, hope you make a mint.
The odds are against you though.

Value at posting: 2,958.8
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 168 more messages in this thread...

First 14275 Last

Add SP500 (INDEXSP) to my watchlist

SPONSORED BY