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kalio5
May 19, 2021 11:38 AM

Nasdaq 100: Near Term Projection Short

US 100Currency.com

Description

Hi Everyone,

Just to share a near-term forecast for the Nasdaq 100.

I think that we're in the last sub-wave 5 which I expect to complete around 12.8k. This corresponds to 50-61% applied projection of wave i-iii, and also has significant prior support from recent months.

After this point, I expect the Wave 1 to be completed, and for their to be a bounce to the mid-13k level to form Wave 2. Assuming these waves do occur, I expect other asset classes such as crypto to correlate strongly to this movement.

This analysis is void if 12.8k is significantly breached.

Good Luck!

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