NASDAQ Intraday Rally Update

So far the Nasdaq keeps pushing higher and I would like to see it go a bit more and completley clear my previous wave 3 peak in Minuette degree. Any price above 7000 would help to complete this 5 wave run. After every 5 wave sequence a trend change is due, and how big the next move will be depends on what that 5 wave sequence is attached to. In this case the 5 wave sequence could be ending a wave 2 peak in Minor degree which would retrace the entire April/May bullish phase. All 2018  price support bottoms will get retraced,  if this rally is just another bear market rally.  All other indices are also gyrating and having difficulties in going higher.  With crude oil crashing, its just a matter of time before all the other markets start to join in. In 2008 everything crashed together including all the oil and gold-related assets, which sure seems to be the same set-up now happening in 2018.

Hits: 12

Share this...
Email this to someone
email
Print this page
Print