I think the Nasdaq is going to leave the 1.618 extension of its 2000 high behind and head to the next extension level (2.618). Rounding the 2000 high to 5000 and the 1.618 extension to ~8100 (which we have been trading around since Feb 2018) the 2.618 extension would bring us to approximately 13000.
It took the Nasdaq 18 years to reach the 1.618 extension level.
The 2000 - 2015 Nasdaq base is gigantic. It's possible that the breakout has just begun.
