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JasonFillingham
Jun 17, 2017 8:42 AM

NASDAQ Short Idea Short

US 100 IndexFXCM

Description

After studying the NASDAQ monthly chart iv spotted this scenario. The NASDAQ could be in a potential start of an E wave correction before continuing long. Any thoughts?

We are also at a potential 100% FIB extension.
Comments
JasonFillingham

A slightly better formation. Are we going down?
JasonFillingham


NASDAQ starting a second leg down. Lets see how this one goes,
JasonFillingham


A simular pattern can be seen on the S&P 500.
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