"Strategist Predicts Nasdaq and Dow Could Reach New Highs This Week"

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Source: MarketWatch
"Strategist Predicts Nasdaq and Dow Could Reach New Highs This Week"
Photo: MarketWatch
TL;DR Summary

Tom DeMark, a technical strategist, predicts that both the Nasdaq 100 and the Dow Jones Industrial Average could reach their tops as early as this week. DeMark uses a countdown method to identify potential market reversals, and he believes that the current sell countdowns for both indices indicate that their likely tops are approaching. Additionally, DeMark notes that Bitcoin is approaching an important juncture and could trade as high as $42,238, while gold's strength may lead to an extended rally.

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