US 100 Index

NDQ Update Elliott Wave

94
Following the sharp rise to complete minute b of B, the market sharply and abruptly (as expected) changed course to the downside. This is a c of B thus should develop in 5 waves. As for now I can count only 3 (hourly chart from b) therefore expect resistance on the Fibonacci projections to complete a 4 of c (bullish) followed by a 5 of c (bearish). After this move has completed expect a "rip your face rally" that will ultimately complete the higher degree B wave, possibly between 15500 and the december highs. For more details read the previous analysis (linked below).
Just to recap :
We are currently in a 3rd of c of B of a Cycle A - if that makes any sense )))

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.