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Will_Wong

NQ1/NDX/QQQ: Making a case for the end of wave 4 correction

Long
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
Will_Wong Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Wave Analysis
6
1
waveanalysis
Wave 4 typically retraces between 23.6~38.2% of wave 3. We have an almost perfect ture for an ending diagonal. Price is sitting outside the lower BB. Extreme market Fear sentiment indicates market is poised for a reversal. 2 rate hikes in 2019 seems to indicate a softening of the FED's tightening stance.
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