Nasdaq - 80% Probability Higher - GTP

75

Reasons for Target (21,325) Being Hit:

  • Strong Uptrend: The market is clearly forming higher highs and higher lows, indicating strong bullish momentum.

  • Momentum: Buyers are currently in control of the market, with price action continuing to push higher.

  • Interest Rate Expectations: Fed estimates of 2 more drops before Xmas which will provide further support for tech stocks and indices like Nasdaq.

    Risks/Barriers to the Target:
  • Resistance at 20,750: A key resistance level could prevent the price from advancing quickly. Consolidation or a pullback might happen here.

  • Macroeconomic News: Unexpected news (like inflation data or Fed comments) could cause short-term volatility, impacting the trend.


Probability of Hitting 21,325:
  • Estimated Probability: 80/100
  • This high probability assumes continued market momentum, favorable macroeconomic conditions, and successful breaks of nearby resistance levels.

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