Watch the Nasdaq On December 1, 2016

TVC:IXIC   NASDAQ Composite Index
44 0 5
My last post noted a possible SPX             top. The wave count I illustrated was invalidated in the first five minutes of trading on 11/30/16.

The SPX             went on to make a new marginal all-time high and subsequently declined in what looks very much like a Double Zigzag correction. This patter implies at least another marginal new high on 12/1/16.

The Nasdaq topped on 11/29/16 and has dropped in a very clear impulse wave. Also there is a very high probability that the Nasdaq on 11/29/16 had a Truncated 5th wave to complete a larger five wave pattern.

At the close on 11/30/16 the Nasdaq 15 minute RSI and MACD both had bullish divergences. There is a good chance the Nasdaq could have on 12/1/16 a three wave rally to most likely the . 618 retracement area.

The perfect set up would be if either the SPX             and/or the DJIA             make marginal new all time highs on 12/1/16 that are not confirmed by the Nasdaq.

The minimum downside for the SPX             , DJIA             and Nasdaq is a retracement back to the 11/3/16 bottom. I will have more about this in a future post.


EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out