Elliott Wave Analysis of the Nasdaq Composite Index (COMPQ) by Sid from ElliottWavePredictions.com

Sid Norris
 In Blog, Nasdaq

Elliott Wave Analysis of the Nasdaq Composite Index (COMPQ) by Sid from ElliottWavePredictions.com

If the attached wave count is correct, the COMPQ has one more upside push in the tank before a significant move the the downside ensues. Wave 5 of an expanding ending diagonal is usually quite aggressive, and is likely to end just before touching the line extending from the extremes of waves 1 and 3 green. Movement below 2922.96 invalidates this interpretation . .

Sid
http://elliottwavepre.wpengine.com

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