Nq1! Nasdaq Long term Forecast

While many switch to a bullish bias for NQ1! because of expectations of a interest rate cut on 18th of September, I remain bearish because markets price in before these events and the rate cut was expected for a long time.

We see on the daily chart a double bottom, which is market makers' favorite liquidity to take out.

Again on the daily chart, we see that price took out the buy-side liquidity and now is in the Daily Optimal Trade Entry of the last down move.

I expect to see the double bottom to be taken out in the upcoming weeks.

Please note that this can take a lot of time and we can still see a full recovery to All Time Highs before we take out the double bottom.




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