After the intraday breakout, the NASDAQ 100 (NQ) e-mini futures 2-hour chart shows signals of a new bullish leg activated. In this post, we’ll review what should be the next target.
The breakout of the three corrective waves activates the start of a wave 3 of upper degree. The bullish cycle started from the August 05 low when the technologic index found support at 7,224.5 pts.
Once activated the new short-term trend, our prefered bullist target is at 8,168 pts. The invalidation level is at 7,509.5 pts.