RAPID UPDATE Nasdaq (NAS100) TP @: 16347.30 SL @: 1612 | Focal Community Group (FXSignals)

RAPID UPDATE
Nasdaq (NAS100)
TP @: 16347.30
SL @: 16128.40

After a rollercoaster ride, we set a rather tight SL for the Nasdaq. I see the Nasdaq with a strong finish at the end of the year. If our SL is hit, we get back into the Nasdaq near 16,000. I expect the Nasdaq to have a strong finish at the end of year with tending the year in the range 16,500 - 17,000. We remained calm and expected tech the recover. The strong earnings season keeps investors in the stock market. New lockdown measures and strong growth numbers from the tech sector continue to keep tech (especially big tech) attractive. The Nasdaq found some resistance now at 16200, but seems to push through thanks to gains of big tech. However, some profit taking at the end of week is also not unlikely given the shaky markets this week.