John Carter Futures Update: Can the NDX Continue its Massive Surge?
The NASDAQ has fired off a Weekly Squeeze after two months of consolidation, with the B and C Waves reversing.
The NASDAQ has fired off a Weekly Squeeze after two months of consolidation, with the B and C Waves reversing. The question is, will this strong momentum continue? Typically you get the boom, consolidation, boom consolidation pattern for eight to 10 bars, but there is really not much resistance at this point. 3838 will be a level before looking for a pullback. The other big story is the Apple split, what's interesting pre-split level was $705 and now it is trading at $92.00+ and there could be an irrational rally to $100, which is a $7.00 move or $50.00 pre-split. Carter also reviews the Russell, yen and bonds.









