There’s an more and more good probability that many main inventory market indices will regain the highs they reached in 2000. Our personal FTSE one hundred, for instance, is simply about 14 per cent under its all-time peak.
However one market that gained’t be reliving its millennium-yr glory any time quickly is the Nasdaq one hundred. Regardless of hovering 136 per cent from its 2008 lows, the tech-heavy index stays greater than 50 per cent under its document.
That milestone apart, the outlook for the Nasdaq is promising. It has already comfortably exceeded its highs of 2007. And its uptrend is in fine condition, with no indicators of exhaustion. As soon as it clears the obstacles at 2,403, there are robust targets at 2,477 and a couple of,568. Rebounds off the thirteen and 21-week exponential shifting averages supply alternatives to purchase into this rampant bull market.
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