NASDAQ - signs of a correction trend are emerging
$NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
NASDAQ remains in a strong Bullish trend, with 22 weeks of sustained growth, generating a +17.0% cumulative gain since entry into the Bullish zone. However, signs of a correction trend are emerging, meaning short-term volatility may increase. A buy opportunity is expected around February 10, 2025, followed by a potential upward continuation.
Long-Term Strategy: Buy and Hold (Bullish Zone)
Bullish Zone Characteristics
Uptrend: Strong and sustained upward movement with occasional pullbacks.
Correction Trend: Short-term declines but within a broader upward trajectory.
Investment Highlights
NASDAQ has been in a Bullish zone for 22 weeks, gaining +17.0%.
Trend level is currently at +30% and is expected to strengthen to +64% over the next 10 weeks.
Upward momentum remains dominant, supporting a long-term buy-and-hold strategy.
Current Position
Position Duration: 22 weeks (since September 1, 2024).
Cumulative Performance:
Return: +17.0%.
Buying Price: 16,690.8.
Current Price: 19,523.4 (+2,832.6).
Recommendation
Maintain a Buy and Hold position—NASDAQ remains in a strong long-term uptrend.
No need for major strategy changes unless a Bearish transition occurs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
