NASDAQ100 Slows Down For An Intraday Correction
Nasdaq100 is in strong bullish trend and there can be room for more upside within a projected intraday five-wave bullish cycle. Nasdaq100 futures recently slide as Alphabet shares drop on disappointing Google ad revenue. However, that's pretty nice textbook 17300 - 17200 support area within an (a)-(b)-(c) correction for wave "iv", so ahead of today's FED meeting, be aware of a bullish continuation for wave "v". Invalidation level is at 17050.
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Nasdaq 100 found a nice support for wave "iv", so wave "v" can be now in progress and be aware of more gains ahead of US jobs data (NFP) today. 18k loading?
