Nasdaq Intraday Update


This morning the Nasdaq spiked and then reversed very quickly. It looks like a nice run that can keep right on going to the moon, but emotions have a real problem of infecting others, when they are sealed in a space suit, so emotions going to the moon is not an option.  😯 

If the bigger bearish phase is in control, then it’s not rocket science that the Nasdaq has to fall below 5560. Of course, if you’re a climate scientist, then anything goes, until you’re caught manipulating the numbers. 

So far the Nasdaq has been leading the way on a sliding path heading south, in what could be a Cycle degree 4th wave correction. This Cycle degree could take until the 2021 time period to play out, as 2021 could be the start of  solar cycle #25. The last thing we should be at the start of any solar cycle is to maintain a bearish outlook. All bearish opinions and bearish wave positions at that time, will get terminated, just like what happened in 2008-2009.  2021 is also 89 years from the 1932 bottom, so from my perspective it has significant meaning. 

Looking 3-4 years ahead in the markets is never a certainty, but the only certainty is that the majority can never take advantage of it, when another major buying low presents itself.