NASDAQ Elliott Wave Analysis: Ending Impulsive Move
Elliott Wave Forecast | Jan 04, 2018 11:03PM ET
Short Term NASDAQ Elliott Wave view suggests that the rally from 12/5 low unfolded as impulse Elliott Wave structure and could see more upside to end 5 waves up in Minute wave ((a)). Afterwards, the Index should pullback in Minute wave ((b)) in 3, 7, or 11 swing to correct cycle from 12/30 low (6382.44) before the rally resumes. We don’t like selling the Index and while Minute wave ((b)) dips stay above 6382.44, expect Index to extend higher.
NASDAQ 1 Hour Elliott Wave Chart
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