This is the first bull count I will post (IT ISNT WHAT I FAVOR but could be valid). Bottom could already be in for wave 4 here and we see melt up continue early next week. I think this is the path we will take if the bears fail to flush it Monday and FB kills earnings after the bell.
Basically this count has us already having put in an ABC move, albeit shallow, but complete. From here we should see an impulse taking us up to the 385 range on QQQ which is ATH
Note: This was a shallow retracement down to the 23.6, so it could be over, but I am favoring slightly more downside to give us a true downtrend breakout / AVWAP backtest
Since we did see 3 swings down, going long at this area with time if options, is still a very deployable strategy. I would just be hedged or ready to buy the next dip down if we get it because that will be the ideal dip buy spot
Basically this count has us already having put in an ABC move, albeit shallow, but complete. From here we should see an impulse taking us up to the 385 range on QQQ which is ATH
Note: This was a shallow retracement down to the 23.6, so it could be over, but I am favoring slightly more downside to give us a true downtrend breakout / AVWAP backtest
Since we did see 3 swings down, going long at this area with time if options, is still a very deployable strategy. I would just be hedged or ready to buy the next dip down if we get it because that will be the ideal dip buy spot