The S&P is coaching to a brand new all-time excessive. When the value is buying and selling at a brand new excessive, there isn’t a prior historical past that merchants can goal from a value perspective. We’re in a open-air space.
Nonetheless, technical instruments can be utilized to forecast the following goal/threat ranges.
On this video, I take a look at these targets. A kind of targets is being examined proper now.
The S&P index is buying and selling to new all time highs.
In the meantime, the NASDAQ index is on hearth with a acquire of 1.55%. That index is now up 0.94% on the week. Meta leads the way in which with a acquire of 21.44%. Nvidia shares are up 4.76%. Amazon shares are up 7.92%. The excessive shut again to January 2022 is at 15628.04 (January 29 shut). The excessive value at present simply reached 15603.53 to date. That top shut is the following goal.
The all-time excessive shut for the Nasdaq is at 16057.44 (November 17, 2021 shut). The all-time intraday excessive was at 16212.23. The Nasdaq remains to be practically 4% from the all-time intraday excessive
