Nasdaq, June & July Price Forecast

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Nasdaq, June & July Price ForecastUS Tech 100 CashIG:NASDAQd1vlllAs evidenced by the price action, the Nasdaq has sustained a consistent upward trajectory. However, recent political headwinds and uncertainties have decelerated the price trend, inducing a state of indecision. This slowing momentum is visible on the chart, where the price has entered a minor consolidation phase, geometrically carving out a broadening triangle pattern. My mid-term bullish outlook is supported by the fact that investor sentiment has not shifted into outright panic; instead, the potential for further upside remains intact. Should we begin to observe more dovish or stabilizing political news, I anticipate that the ABCDE structure within the broadening triangle will play out, establishing a new BoS (Break of Structure). Following a mitigation of the weekly and daily demand zones to attract buyers, the rally is expected to resume. Furthermore, looking at the RSI and OBV indicators, there is no significant sign of divergence on the RSI; conversely, the buying pressure on the OBV remains robust, well-supported by volume.