NASDAQ double top?

US 100 IndexTVC

Description

⋅ Feb 3, 2021 6:48 PM

Kind of looks like a double top to me.

⋅ Feb 3, 2021 7:39 PM

FYI, I would not be surprised if it retests the 13547 level. This could be a Wave B, which would allow it to go as high as 1.236.

⋅ Feb 3, 2021 11:25 PM

⋅ Feb 3, 2021 11:33 PM

With Elliott wave overlay. The peak today makes a perfect trend line off bottom of wave 4.

⋅ Feb 3, 2021 11:34 PM

⋅ Feb 3, 2021 11:53 PM

And the pièce de résistance, a rare wave 5 with ending diagonal.

⋅ Feb 5, 2021 12:23 PM

Lets see if the pattern repeats

Comments

DaddySawbucks

⋅ Feb 3, 2021 7:17 PM

thinkin same; short QQQ

TotallyNotARobot

⋅ Feb 5, 2021 1:22 AM

Hmm never looked at it that way before, thanks!

vychod

⋅ Feb 4, 2021 6:53 PM

it seems NDX wants to retest 13547 again !

Dr_Roboto

⋅ Feb 4, 2021 7:49 PM

@vychod, it seems pretty stone-walled at this level, for now. Given the shape of the RSI, it does look like it will make a run for a new ATH.

vychod

⋅ Feb 5, 2021 7:39 AM

@Dr_Roboto, but new ATH is already done

unicow

⋅ Feb 3, 2021 7:03 PM

I hope so!