NASDAQ. Despite being in a Bullish zone, the market is currently in a correction trend, displaying a descending rectangle pattern with a higher proportion of downward movements expected over the next 10 days.

Summary of NASDAQ Analysis (Aug 23, 2024)

Current Market Situation:

• NASDAQ Closing Price: 17,874.2 (+1.45%)
• Trend Zone: Bullish
• Investment Position: Buy and Hold
• Cumulative Return: 4.0% over 8 days

Long-term Strategy:

• The market is in a Bullish zone, which includes an Uptrend with strong upward movements and a Correction Trend with temporary downward fluctuations.
• The strategy focuses on holding assets long-term to benefit from high returns with low risk.
• No changes in the trend zone suggest maintaining the current Buy and Hold position.

Short-term Strategy:

• Despite being in a Bullish zone, the market is currently in a correction trend, displaying a descending rectangle pattern with a higher proportion of downward movements expected over the next 10 days.
• A Sell position is recommended, with the best timing to sell expected between Aug 26 and Aug 27 at a price of 17,773.7.
• The buying opportunity is anticipated between Sep 05 and Sep 06 at a price of 17,360.7.

Predictions:

• Next 10 Days: Price range expected between 17,446.3 and 17,874.2 (-1.2% median).
• Trend Intensity: Downward movements are expected to be stronger (-56%) compared to upward movements (+34%).

Volatility & Turning Points:

• Predictions may be volatile due to changes in buy-sell intensity.
• No specific trend reversal is anticipated in the near term.

Aug 23, 2024
NASDAQ closing price
17,874.2	1.45%
◆ [Long-term strategy]
The current trend zone is Bullish, and Investment position suitable for the trend zone is Buy and Hold.
The trend within a Bullish zone is divided into an 'Uptrend' in the upward direction and a 'Correction Trend' in the downward direction. In the Uptrend, there is a strong upward flow with occasional downward movements, while in the Correction Trend, there is a fluctuating flow involving limited or temporary downward movements and upward fluctuations. Investing in this zone is associated with high expected returns and a low risk of decline.
In a Bullish zone, the potential for strong buying pressure is maintained, leading to a robust upward trend and a relatively mild correction trend. When viewed through a medium to long-term investment approach, if the trend continues to move in the Bullish zone, one can anticipate an upward flow of the bullish trend, seeking the potential for high returns.
This is a method of investing in the long term, enjoying investment returns by holding assets for an extended period rather than engaging in repetitive buying and selling based on price fluctuations. And when the trend enters a Bearish zone, it becomes the Selling point.
As there are no anticipated changes in the trend zone that warrant considering a shift in investment strategy at this point, it is advisable to maintain the current investment position.
The 'Buy and Hold' position has been maintained for 8 days since the entry into the Bullish zone. During this period, the cumulative rate of
return in the Bullish has been	4.0%	as of the current date.
Buying price	Current price		Difference
17,187.6	17,874.2		686.6
Aug 13, 2024	Aug 23, 2024		8 days
◆ [Short-term strategy]
Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position.
In a bullish zone, where buying intensity is potentially strong, anticipating significant upward movements is reasonable. Therefore, actively responding with aggressive buying at appropriate entry points in the short term is effective. During selling moments, a gradual and partial selling approach is recommended. This strategy allows for the exploration of opportunities to buy back at lower prices.
Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations. but When the stock market opened, the buy-sell intensity shifted to a stronger buying flow..
A correction trend can be seen as a moment of pausing with either price or time adjustments within a strong upward momentum. The previously strong buying intensity temporarily transitions into a subdued state, and there is a temporary emergence of strong selling pressure in the flow.
It is expected that the overall trend movement over the next 10 days will follow a descending rectangle pattern, with a ratio of 10 : 0 for the downward to upward direction, indicating a higher proportion of the downward trend. And, in terms of the expected intensity of the upward and downward movements, the downward intensity is somewhat higher, while the upward intensity is moderate.
A suitable investing position is 'Sell(Bearish)' for now. The appropriate selling timing is predicted to be in 2 days.
The selling date is	Aug 26	to	Aug 27
A good price to sell a stock:		17,773.7
And the appropriate buying timing is predicted to be in 9 days.
The buying date is	Sep 05	to	Sep 06
A good price to buy a stock:		17,360.7
- Volatility of Prediction
Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.
- Predicting the Turning Point of the Trend
None
- Prediction of Upper~Lower price range over the next 10 days
Price:	17,446.3	~	17,874.2
% Change:	-2.4%	~	1.0%
Median price between the upper and lower		17,660.3	-1.2%
- Analysis of the trend zone & level% and average intensity of trends
For the last 30 days, the average trend zone & level%		Bearish	-25%
The Current trend zone & level%		Bullish	88%
The expected average trend zone & level% for the next 10 days		Bullish	5%
If the trend moves upward from the current trend level%, it's expected to have an average upward intensity of		34%	(Max 100%)
And if it moves downward, it is expected to have a downward intensity of		-56%	(Min -100%)
- Average closing price in case of rising:			0.7%
=> HIGH ~ LOW range:	1.0%	~	-0.3%
- Average closing price in case of falling:			-0.8%
=> HIGH ~ LOW range:	0.5%	~	-1.1%
The 10-day prediction and technical analysis of the NASDAQ index are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.