We are updating the intra-day chart of the continuous Nasdaq index keeping the same count as yesterday. Even if it does seem to follow the script, it is not a count that we are holding with blood in our hands. There's discrepancy between indices. To be honest it is highly possible for the Naz to have ended its impulse wave that started last week at this morning spike. It did not move above yesterday high. Maybe a failure. The S&P 500 did move above its recent high.
Moving back down from here will confirm we are in some kind of correction. if we move higher, we will have to take it one day at the time and try figure out what this market wants to do next.
Thanks for reading
Moving back down from here will confirm we are in some kind of correction. if we move higher, we will have to take it one day at the time and try figure out what this market wants to do next.
Thanks for reading