NASDAQ100 Slows Down For An Intraday Correction

Long

NASDAQ 100 E-mini Futures (CME_MINI_DL:NQ1!)

Updated

CME_MINI_DL:NQ1! NASDAQ 100 E-mini Futures

trendanalysis chartpattern waveanalysis stocks nasdaq100 technology bullish impulse intraday technicalanalysis elliottwaves

Nasdaq100 is in strong bullish trend and there can be room for more upside within a projected intraday five-wave bullish cycle. Nasdaq100 futures recently slide as Alphabet shares drop on disappointing Google ad revenue. However, that's pretty nice textbook 17300 - 17200 support area within an (a)-(b)-(c) correction for wave "iv", so ahead of today's FED meeting, be aware of a bullish continuation for wave "v". Invalidation level is at 17050.

Comment:

Nasdaq 100 found a nice support for wave "iv", so wave "v" can be now in progress and be aware of more gains ahead of US jobs data (NFP) today. 18k loading?

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