NASDAQ Update 16 December 2025

Very rounded top

The DJIA still looks bullish, S&P 500 is neutral but the NASDAQ is rolling over with 22,200 is next stop. Shorts have a great stop above 23,700 and a target at 20,500.

For now sentiment is low, along with liquidity. Whatever the FED does with bank reserves and standing repo won’t help the equity markets before the new year.

Good chance of a dip therefore, and we look forward to some Boxing Day bargains.