US 100 Index
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nasdaq to 20k?!

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good evening,

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consider this post somewhat fictional for now, created more for entertainment purposes, but i want you to know that there are some serious data points which i'm going to bring up to build the case that the stock market has found a long term bottom.

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~our monthly indicator is finally oversold for the first time since 2009 market low and is on the verge of crossing bullish.
~nasdaq is backtesting the monthly ichimoku cloud.
~0.382 cycle wave 4 target hit through a very complex correction [double z \\ could also be labeled as triple z].
~the monthly rsi has confirmed a hidden bear.
~the us dollar found a top and is headed down to about 80 bucks over this next year.
~us10y, topped out.
~fed might run out of money if they continue to press the markets.
~fear is at all time high.
~retail short positions are at all time high.
~and i'm buying everything.

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the cycle w5 target on nasdaq sits at $20,000 and we could be in the early stages of beginning that ascension.

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ps. take my words with a total grain of salt, as i could be very much dreaming here.

ps2. in my last big nasdaq post, i called the top, but was early by a few months. it also went a bit higher, so if i adjust the target with the current data, we have reached the 4th wave target successfully.
can this be the day? 👀


Nota
o:
Trade ativo
this aged well.

extending macro w5 target to 32k.
Elliott WaveS&P 500 E-Mini FuturesnasdaqNASDAQ 100 E-MINI FUTURESQQQSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) us100VIX CBOE Volatility IndexVXX

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