$NQmain.US$$QQQ.US$$.NDX.US$ yesterday was the completion of...
$NQmain.US$ $QQQ.US$ $.NDX.US$ yesterday was the completion of the pullback wave 2/3 after wave 1/3 started for intermediate 2/5 where we saw a huge short squeeze on the NDX which we had a 800 point swing in the last few hours. If futures breaks 14400, we will proceed on to continue with wave 3/3 of intermediate 2/5 which is the final leg up for retracement towards around 15k to 15.5k MAX.
However if tonight Fomc causes ndx to break the lows of 13706, that will mean that 3/3 is not in play anymore and the 1/5 intermediate is not yet complete and instead of a 3 sub wave down we are looking at an impulse 5 wave down instead A B C D E. And we have to complete wave E before the 2/5 starts.
As always trade safe and invest wise!
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yakimaru : Hmm so for this week we are still looking for pullback and relief rally to 15000-15500?
BruceLin8 yakimaru : I really want to know this as well
Investing 101 OP yakimaru : Unless fomc changes course. Read what I typed. Pretty self explanatory.
Master Corgi : Pre market looking good. Trap? Haha
Master Corgi : What’s all this 1/5 , 2/3 etc things man
Investing 101 OP Master Corgi : Waves
Investing 101 OP Master Corgi : Won't know for sure. But could be the 3/3 of 2/5 in play.
Master Corgi : How do you know the waves and the period for it?
Investing 101 OP Master Corgi : You'll have to plot. E-waves are easy to learn but tough to put in practical because everyone starts from different zones.
BeBlessed : Bro, ndx hits 14400 le
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