NASDAQ Update: Daily Timeframe

TSuth Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
I zoomed us out for this post to get a better/more obvious picture of where we are going. If my count is correct, we should move higher to finish out this wave 2 next. I have a target box marked showing where I anticipate this move to end. This move shouldn't take very long and be done by tomorrow. I would not be surprised if we don't raise all the way to my box. This is just a "normal" retrace. After that we should fall pretty hard and would be a good place to potentially short the market.

When we get more details, I will update again. For now, be patient and wait for confirmation. There is still plenty of meat left on this move down.

Bonam Fortunam,
With all the overlap at the beginning of this wave i down, we may have been forming many 1-2's. If that is the case, then we should go up and make OML before going up again for wave ii. This would make sense given all the stocks I track are needing at minimum a retrace.

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