Nasdaq analysis update from Muffett investments

We are doing this at around 9:30 am london time. the screenshots were taken earlier in the morning. But the analysis is the same. Please review our previous weekend analysis and why we were bullish on Nasdaq. https://www.muffettinvestments.com/market-commentary/the-more-things-change-the-more-they-remain-the-same-nasdaq-weekend-analysis

The above is the 4 hour chart. The price closed above the bullish flip line at 28500 and after that the price has continued to move upwards. Overnight palantir reported revenues and it was trading more than 14% the last time we checked. So the bullish premise has been right so far. We have marked the liquidity levels and the most obvious targets for the near term. So in our view, all pullbacks should be bought. We have moved our invalidation line higher. Ideally the price should not close below the gap that we have marked. If the price was very bullish, we will never test the gap.

The above is the daily chart of Nasdaq. We have the standard deviation projection and as long as our bias is not invalidated by price action going below that gap we will expect price to take out the liquidity at the top and then go to the standard deviation projection at 31850 by the time of the midterm elections. We may have pullbacks along the way and manipulations but we think that this would be the objective.

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