csmottola71

Nasdaq Elliott Waves continued.

Long
TVC:NDQ   US 100 Index
Sorry about this delay, but I am in the middle of a warzone. Anyway, nothing much changed on the elliottwave count other than the fact that the B of C seems to be developing into an expanded flat. My guy feeling is that we have bottomed (too many bears around) and we are poised for a massive flash rally back to, either : 15500/16000 or ATH's (All Time Highs. This would conclude the Cycle B and we can get into a serious bear market. No crashes, if you are counting on that stop dreaming, crashes don't come about like that.
Trade active:
VERY strong resistance @ 13020.
NB : I'll update the wave count when there is something to update. As of now the market is still in a B of C.
Trade closed manually:
Unjustifiable levels for an extended flat.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.