NQ is now clearly above February swing high which is a key breakout price level. The shorts has started to cover, which has led to a sharp up-move since the middle of June, and should continue into the end of July to early August 2021.
On Friday NQ was in overbought zone on the daily time frame, now vulnerable to a quick one to two days sharp pullback down at any day now.
The trend is still clearly up, with the next upside target of 17,000, expecting a fast run-up in a parabolic pattern to end the bull market bubble, to be followed by a devastating reversal, a deflationary collapse, the bursting of the bubble.
Key price level to watch for during this current rally is the 20-day moving average.
The stock market is close on Monday for the 4th of July holiday
