Is the correction over? in the Nasdaq

17 thg 5

Plotted the possible moves in the Nasdaq to explore the next target levels for support and resistance

6 thg 7

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I really believed that we would not make new highs on what I thought was a corrective wave of the first impulse higher as show by exhaustive area. It did break and hit the target ara I suggested and yes you guessed it, being a contarian trader I think we are nearing or have a top in until at least the last quarter of the year. so targeting 20550 and 19200 by the end of September in a corrective sell off. I believe being assisted by corporate buy backs in thin illiquid markets, where the buy the dip mentality has driven off those that are willing sellers. Lets see how this one plays out good luck