This is a bi-monthly wave analysis. Wave 1 started in 1989, gone through an extended Wave 3, and we are probably at the last wave, Wave 5, or the final journey of NASDAQ bull run.
As you can see from the yellow circle, NASDAQ is at the upper limit of the Elliott wave channel, and this has breached the upper trendline, and defined as a "throw-over" by Elliott.
What will come next? Corrective Wave A, B and C, and the drop will be fast and furious.
If you know Elliott wave, you should know MACD's Wave 3 is at the peak while Wave 5 tends to play catch up and difficult to overtake Wave 3's peak. Upon death cross, short all the way down for NASDAQ.
It's hard to predict when the Armaggedon will come, but it will not be too far away. Better to be prepared than to hope for the best. All the best!
As you can see from the yellow circle, NASDAQ is at the upper limit of the Elliott wave channel, and this has breached the upper trendline, and defined as a "throw-over" by Elliott.
What will come next? Corrective Wave A, B and C, and the drop will be fast and furious.
If you know Elliott wave, you should know MACD's Wave 3 is at the peak while Wave 5 tends to play catch up and difficult to overtake Wave 3's peak. Upon death cross, short all the way down for NASDAQ.
It's hard to predict when the Armaggedon will come, but it will not be too far away. Better to be prepared than to hope for the best. All the best!