Nasdaq is at critical juncture and showing consolidation.
Hope it helps and good luck
- Bear -- Could be a massive corrective wave B since all the waves are 3 wave sequences instead of 5 wave sequences. If that is true, then it could be headed down to 9000 or lower for a Wave C.
- Bull -- Otherwise it is just an odd bird for a motive and it's going to complete one more wave up the 12000 range. I have seen this series of 3 wave motive sequences in the S&P 500 in the 2010-2014. I assume that it is driven by QE. FYI, the S&P 500 is showing all the signs of a corrective wave.
- Neutral -- It could trend sideways for a while before making a strong move either way based on stimulus and Fed.
Hope it helps and good luck
