Chart of the day

Where do we stand fundamentally?

Mega Tech and semiconductors are consolidating before an extension higher as it seems so we expect that leading tech Index will continue it's bullish cycle with projected target around 26000.

NASADAQ is extending higher supported by a 19500-20000 zone in the long-term fifth wave. Consolidation is expected and is happening here before an extension higher targeting 26000.

An invalidation level of a fifth wave extension higher is 19500. This extension higher could lead to 26000 target in the medium-term to long-term. There is no much visible resistance till there.

_{To join the trend and take advantage of the bullish cycle. Look for a long trade entry with a stop loss below 19500 to target 24000 at least. You can trade it with options as well.}