Nasdaq Top-Down Analysis
NQ Futures
Nasdaq monthly chart is still bullish long-term and is 12 months into this cycle count from last July 2023.
So extended but still bullish overall.
Weekly chart NQ is 7 weeks off the April lows. The stochastic cycle is high. Equity longs from anything you bought well on the dip in April makes sense to book a good amount of gains.
I’m watching…