NASDAQ - VERY STRONG! E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! TizTrader The market was able to defend the 13776 point mark in yesterday's trading and build a new intermediate high – very strong! We should assume that we are still in a wave iii and have not completed them. In the next step, prices around 14021 to 14147 points can be achieved. Above this range the scenario is even more bullish . It is to be expected that the market will move on as long as we can hold 13829 points. The intermediate correction will start below this level. In the bigger chart picture, I reduced the probability of a drop below 12609 points to 35%. Conclusion: The 13828 points are the decisive factor. As long as we don’t break below this level, further intermediate highs are to be expected. I´ll keep you up to date. 45min: H4: Last chart update: "The Nasdaq reached my primary expectation and achieved the minimum targets I set. If the index falls below the level of 13776 points, I assume that we are in the next intermediate correction, which should primarily takes place within the range of 13600 & 13400 points. But we could also see a deeper correction (as you can see in my secondary scenario) - A correction is needed for a bullish run! In both cases it is important that the corrective movement is completed over 12954 points. Below that, we would have to look in the superordinate chart to a larger intermediate correction, which would also mean prices below 12609 points! Conclusion: The Nasdaq can initiate its next intermedaite correction. However, I am only convinced of this if we sustainably fall below 13776 points. As long as the market can hold above this, nothing stands in the way of a further expansion of the current movement with direct new all-time highs."