The analysis of the Nasdaq 100 uses the Elliott Wave Principle, which is a method for predicting market movements by identifying patterns in price changes. It indicates that if the November 21 low of 23854 remains unbroken, the Bull market, which is a period of rising prices, could last until at least April. However, if the index falls below this level, it suggests that a bear market, a period of declining prices, may already be starting.
Currently, the Nasdaq 100 has gone through various waves, dropping to a low of 24647, rallying to 25716, and then hitting a subsequent low at 25086. With these patterns, the outlook suggests the index will progress in a series of waves, potentially reaching a high of around 27225.
Upcoming Movements
Upcoming movements expect the index to reach around 26825 before dropping to about 26155, eventually climbing to roughly 27225. If the pattern changes to an overlapping ending diagonal, the index could rally lower, nearing 27860. Yet, after the current wave completes, a bear market similar to 2022 is expected before another long-term rally.
Warning levels—25639, 25428, 25086, 24647, and 23854—serve as indicators for possible trend reversals, adjusted upwards as the index rises. The author provides this analysis not as investment advice but for informational purposes.
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