13 Jun 2021, 21:52

We got our direction right for our last week’s prediction of the stock market. We saw the Nasdaq 100 starting to breakout of its resistance line. Where will this week go then?

While every investor was predicting a technology stock meltdown after the Sell-In-May correction, we took the opposite opinion and remain bullish of these stocks as we still see strong buying pressure from the Big Whales. True enough, the Nasdaq 100 broke out of the brown resistance line in our chart. It is now heading towards the black resistance line as per our forecast last week. Heading towards July, the stock market could be heading north as we see many investors cashing out of Bitcoin and it’s other cryptocurrency sisters and pouring into the stock market now. So, the next wave up may have already started, had you entered your stocks already?

 

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