NASDAQ update: Christmas rally on its way as foreseen a week ago
We will seek the top at least by the second of January onwards, with the concrete possibility to continue even till beginning of February.
For today and next week the most probable patter is to go over the top occurred on the 20th of December (16860) to close the upward weekly cycle began on the 14th of December (Ti). There is still room to extend gain till 29.12.
Subsequently a new pullback will take place to begin either a Ti or T+1i and, at the same time , allowing a closing of T+1 downward cycle (it requires at least a couple of days (candles) in red (T-2 duration) or flat ones.
For today and next week the most probable patter is to go over the top occurred on the 20th of December (16860) to close the upward weekly cycle began on the 14th of December (Ti). There is still room to extend gain till 29.12.
Subsequently a new pullback will take place to begin either a Ti or T+1i and, at the same time , allowing a closing of T+1 downward cycle (it requires at least a couple of days (candles) in red (T-2 duration) or flat ones.