Dmitri Lysenko
⬤ Nasdaq futures kept climbing through late January, maintaining a solid upward move despite brief dips. The pattern shows a clear impulsive sequence with higher highs and lows above the 25,030 mark. Pullbacks have been controlled pauses rather than actual reversals, keeping the overall trend firmly bullish.
⬤ The hourly chart reveals a completed correction followed by strong upside momentum. After bouncing from the prior swing low, Nasdaq futures jumped higher, confirming the bullish wave pattern. Recent pullbacks fit within typical corrective patterns seen during strong trends. Price action has stayed aligned with this framework, with no breakdown below key support levels.
⬤ The 25,030 area serves as the critical invalidation level. As long as price holds above this zone, the bullish case remains solid. The market has respected rising support and continues trading in an upward channel, with momentum favoring more gains. The lack of sustained selling during recent consolidations adds further confirmation.
⬤ The ongoing advance highlights the trend's strength and why structural analysis matters when evaluating short-term dips. With the impulsive pattern still active and corrections staying shallow, the market outlook remains positive. Watching swing behavior and key support levels will be essential as the index moves through its next phase.
Dmitri Lysenko
