Below is the performance of MarketAxess Holdings (MKTX) based on the work of Edson Gould’s Speed Resistance Lines from June 19, 2021.
- $249.65 (conservative target) achieved
- $225.90 (mid-range target) achieved
- $202.15 (extreme target)
Further declines seem likely based on the 2004-2008 declines. At minimum, a retest of the prior low should be expected.
