both Fibonacci extensions 161/261 are exactly on the same level 6008 pts. How to trade : - aggressive : sell if it closes red tomorrow, stop above recent high. target 6008 pts - standard : first wait for 6008 then buy for double top 7600
Again, my Elliott waves fit pretty well with your targets.
Looking for log trend line touch at just over 6k before the next significant bounce up.
Watching tomorrow morning for a possible initial move up (maybe to around 7166 for the 61.8% retracement of wave 1 down, then the subsequent trading should take the Nasdaq/IXIC to negative for the day. If so, a significant move down may start next week and continue through the first half of the following week. At least that is the game plan for now till the chart invalidates this current thesis.
Looking for log trend line touch at just over 6k before the next significant bounce up.
Watching tomorrow morning for a possible initial move up (maybe to around 7166 for the 61.8% retracement of wave 1 down, then the subsequent trading should take the Nasdaq/IXIC to negative for the day. If so, a significant move down may start next week and continue through the first half of the following week. At least that is the game plan for now till the chart invalidates this current thesis.