csmottola71

NDQ Elliott Update

Short
TVC:NDQ   US 100 Index
On the hourly chart, my favorite count has slightly change but with no material difference. My favorite count is that we are in a 3rd wave of C and alternatively in a c of a double zigzag. The first count better with tuesdays gap down open, where 3rd waves generally start with a ripping movement. The only bullish alternative is that yesterday completed a B wave of a larger wave 2, but that doesn't propend very well with the general market structure.

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.