$NAS100 $NQ_F $NQ $QQQ $AMZN Impulse wave finale for $NASDAQ?

What's next at these new ATHs? I am leaning toward a pullback near the Wave 4 location. I am not a big elliot wave subscriber, but I do recognize impulses and harmonic AB=CD patterns as having authority (they are "hard" to create). This new high seems like a wave 5 bearish divergence to me, but we must pay attention to the NYSE Accumulation/Distribution and seasonality which honestly says: "we keep going higher".

I will wait for the monday price action to likely produce a new high, and then some kind of retracement to the top descending rail we just penetrated. The pivots shown are the Monthly Camarilla pivots, which showed a well defined range for the month until Friday when it was broken.

Commentaire:

Commentaire:

I think we will spike up to the top rail at tomorrow's FOMC announcement, then possibly selloff Thursday and Friday.

Commentaire:

All bearish predictions this year have failed. Peak to trough this has been a remarkable seasonality year.