Schwab Network on $NDAQ (Oct 30, 2026)

So, let's dive into your first chart, since you chose Nasdaq. I mean, I'm looking at the Nasdaq and it's down more than 2.75 percent right now, Tim. How do you view the Nasdaq index in general?

I mean, even with this drop, we're still higher than we were during the week. So, how do you see it?

But, you know, going back to Nasdaq, this, you know, going back to last week, was just technical manipulation. As you know, this was one of the " Big Three" last week and it's still going strong, and obviously the Nasdaq, the Nasdaq 100 index, is looking very bad.

But the idea behind this deal really relies on 23-hour trading, increased trading volumes, external funds, and something I talked about last week. I really think they, you know, have been talking about 23-hour trading for a decade.

I really think the catalyst is the expectations markets in cryptocurrencies and things like that. This made the stock exchanges think, we need to open up the field more . So, I think we have a fundamental issue, and ultimately, going back to last week, I was just looking for some strong charts and the Nasdaq was one of them.

And you know, I know I use this quote a lot, but it's really essential to trend trading, and so on. So far this past week, the Nasdaq index has not made a single mistake. You must stay in the purchase center.

It's a strong chart in a bad market. You have an incentive in the form of 23-hour trading. So, for me, the thesis remains the same.

Good. So, KG, let's delve deeper into looking at Nasdaq, the stock exchange and not the index here, and what you see in terms of technical setup. Well, I mean, Tim actually pointed this out last week.

I think it was Friday , if I'm not mistaken. We have talked somewhat about this potential upward breakout. So , we'll just go back to the weekly chart because I think it's the clearest one we have here.

And again, it's for a slightly longer period of time . We can see that the stock has been making new highs and high lows over the past three years. And we have the main trend line that I put in white, which was very, very strong here.

So, if any kind of breakdown occurs, and you get a retest of that trend line, you're looking at a range of approximately $85 to $90 . But before that, if there is a slight reversal next week, you are looking at the 102 level.

But this stock seems to have settled down somewhat. We had a cup and loop pattern forming here. So, we had a breakout upwards. We witnessed a pullback, then a consolidation period , and a retest of the peak at approximately the 102 level .

We were unable to hack it. We pulled back again, the price consolidated around the 20-week and 50-week moving averages, then we retested the 102 level, then broke out upwards. If you are looking at the range between the peak and the trough, the bottom of the cup and the peak or neckline of the breakout are located at approximately $20 to $22 .

If you add that to the breakout level, you're looking at around $124 to $125 before the next major resistance zone . Tim is right, there are high volatility, increasing volatility.

This player will be able to flourish from a fundamental perspective, and technically he is achieving higher peaks and higher troughs. The Relative Strength Index (RSI) is following the same pattern .

The MACD indicator is in a bullish formation. The thesis has not changed from what we discussed at this time last week.