EWFcw

INTC - Elliottwave analysis

Short
NASDAQ:INTC   Intel Corporation
INTC - The last gap down price seems the part of impulse cycle A wave in 10 min time frame. Overall the down move in 2 hr time frame is double zigzag combo correction and (Y) wave as wxy is in progress, where final move down y is on the way to new low. Sell on bounce of b wave once the down move confirmed impulse in 10 min time frame, which was easy set up because, INTC is under performing the SPX for long.

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