#202539 - priceactiontds - weekly update - nasdaq e-miniMicro E-mini Nasdaq-100 Index FuturesCME_MINI:MNQ1!priceactiontdsGood evening and I hope you are well. comment: Neutral/Slightly bullish above 24800 for at least 25000. I think we have seen the final bull flag and will now get either a new ath or a lower high, you never know in advance. If bears get below 24500 before we go above 24800, I am likely wrong and we could see a bear surprise and lower prices. My assumption for the next weeks is that we will hit at least 23500. current market cycle: parabolic buy climax very late in the trend - I think we top out very soon or 25027 already was the high key levels for next week: 24300 - 25100 bull case: Bulls printed a higher low on Friday and are free to now break above 24800 and re-test 25000. Everyone and their dead granny knows that this is overbought and overdone but that does not mean we have to go down. Tops are a process and we don’t even know if we have started it yet. Invalidation is below 24400 bear case: Anything below 24400 would be amazing for the bears and I do think a bit of a surprise. If they somehow manage to generate much more selling pressure, their biggest target is the bull trend line around 24000. As of now, given Friday’s price action, we can’t expect it though. Invalidation is above 25100 short term: Neutral but want to lean bullish for a re-test of 25000. Bears would have to surprise big time for me to join them somewhere between 24600 and 24800. medium-long term - Update from 2024-08-10: 22000 likely to get hit this year gain.