#NQ100: SELL 19700, SL 20000, TP 17500 | 12 May 2025
12 May 2025, #NQ100
The NASDAQ index has stalled slightly, failing to secure gains above the local high. This raises doubts about the further prospects of the bullish market. It is quite possible that the wave (b) of the forming zigzag is nearing completion. The price may attempt another rise, but if unsuccessful, a reversal is expected, leading to a decline driven by the development of wave (c) of the horizontal triangle. In this situation, it is advisable to start considering short positions when the price drops to around 19700. Investment idea: SELL 19700, SL 20000, TP 17500.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
