NASDAQ Analysis for May 12, 2026
The price has moved past the quarter-margin zone from the high. There is a liquidity strike at 29,000.
If we break through this level, we should expect the index to target the half-margin zone from the high as part of a corrective move.
News highlights:
Ed Yardeni, President of Yardeni Research, has raised his year-end S&P 500 forecast to 8,250 points, citing "extraordinarily high" profit expectations. He emphasizes the resilience of the consumer in driving the economy and remains unconcerned by current bond yields.