NASDAQ Potential Upside Breakout on the Horizon

Many reasons to suspect a potential bullish breakout in terms of technicals as shown on the chart.
With regards to fundamentals, there's lots of rhetoric surrounding interest rate hikes sure.., but on the contrary inflation could very well be peaking.

In my belief the only reason US equities are correcting is due to the fact that the dollar is expected to gain in value which attracts less international investors thus converting currencies to invest in US stocks becomes of less interest. With that said, I could be wrong.. This is just what I observe.

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Trade Safe - Trade Well

Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.

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