07 July 2025, #NQ100
As expected, the slight dip in the index was quickly recovered by buyers. This was followed by a steady and confident continuation of the upward movement. The current rise is still being viewed as wave 5 within a forming bullish impulse. It is likely that the week will end on a positive note for buyers, but sellers may step in afterward. Once the impulse is complete, a reversal and a downward correction are expected. It may be wise to begin gradually closing existing long positions and prepare for a potential sell-off, which could lead to a significant decline. Investment idea: BUY 22900, SL 22750, TP 23200.