Short Term Outlook

The NASDAQ Combined Composite Index is currently in a rising trend channel, indicating positive market development and increasing buy interest among investors. The index has successfully broken through the resistance level at 23,600, suggesting further upward movement is likely.

The short-term momentum is strongly positive, with the Relative Strength Index (RSI) above 70, indicating heightened optimism among investors. However, this high RSI level may also suggest that the index is overbought, which could lead to a potential downward reaction. The RSI curve shows a rising trend, supporting the overall positive outlook.

Recommendation (1 to 6 weeks): Positive (Score: 87)

Medium Term Outlook

In the medium term, the NASDAQ Combined Composite Index has broken through the floor of a rising trend channel, indicating a potential slowdown in the rate of increase or a shift towards a more horizontal development. A head and shoulders formation is currently under development, which could signal a reversal if the support level at 21,934 is decisively broken, especially with increased volume.

The index is currently testing resistance at 23,700. A failure to break through this level could result in a negative reaction. Additionally, the RSI is showing negative divergence against the price, indicating a potential downward reaction. The RSI curve is also trending downwards, which could be an early signal of a falling trend.

Recommendation (1 to 6 months): Hold (Score: 0)

Key Technical Indicators

Indicator	Price	Objective
High-RSI	25,649.91	-
Last Close	23,671.35	-
Short Term Trading Range	23,235.63	-
Long Term Trading Range	22,693.32	-
Head and Shoulders Pattern	21,934.24	20,240.62
Low-RSI	21,635.48	-

Conclusion

The NASDAQ-100 shows a strong short-term positive outlook, but caution is advised in the medium term due to potential reversal patterns and negative RSI divergence. Investors should consider maintaining positions in the short term while being prepared for possible corrections in the medium term.