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Assessments / Blog 2019-06-15 ADL PREDICTS EXPECTED RANGE OF THE NASDAQ BEFORE BREAKOUT
Our advanced predictive modeling system is suggesting a defined range for the NQ over the next 30 to 60+ days before a bigger breakout move is expected. If you’ve been following our research, you already know we have been predicting the NQ to move in a sideways pennant formation. Our ADL predictive modeling system is suggesting the NQ will stay within a defined price range over the next 30 to 60 days. The upside price bias we are predicting is based on the ADL modeling systems suggestion that an upward price bias is inherent in the markets. You’ll see from the charts below that two different predictive results are driving our interpretation currently. One result is predicting an upward price bias over the next 2 to 4 months whereas the second result is predicting a sideways price result over the same period of time. Our conclusion is that the NQ will likely trade in a sideways pennant formation over this span of time before a breakout price move happens. |
