NASDAQ Forecast for July 7, 2026
The previous forecast failed to materialize, as the index could not consolidate above the 1/2 level. Currently, it is correcting toward the 1/2 level of the downward cycle (still within the scope of a correction).
The 1/2 level zone: 29280-29330 acts as support (an optimal entry point with a stop loss below).
If this zone is not tested, I believe long positions should be considered only above the 1/4 level: 29580-29600.
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