As of July 31, 2026, the NASDAQ monthly chart remained within its ascending wedge boundaries. You can see from previous major monthly market rallies and peaks, Market Makers and Liquidity Providers are consistent. Based on the 2000 and 2007 NASDAQ charts a significant monthly market rally is needed for at least three to five months before hitting a top. This is after it moves out of its ascending wedge. There will be declines along the way before moving higher. In the end Market Makers will be working to meet their corporate client commitments while selling as much inventory as possible to retail customers. This is just a merchandising operation. Market Makers buy low and sell high by design.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
