Long

Nasdaq Elliott Waves continued.

Updated

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.

csmottola71

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