NAS100USD: ELLIOTT WAVE
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We will see tomorrow if the NAS continues to channel lower. If NAS breaks the channel to the upside wave-iii and iv will move upward.
For the NAS we are being very careful with small entry LONG positions (incremental) and keeping a good amount of powder dry (anticipating the possibility to buy in later) just dabbling in and out until the NAS resumes a positive push upward.
At the moment the DOW looks to be talking the lead.
For the NAS we are being very careful with small entry LONG positions (incremental) and keeping a good amount of powder dry (anticipating the possibility to buy in later) just dabbling in and out until the NAS resumes a positive push upward.
At the moment the DOW looks to be talking the lead.
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NAS100USD: ELLIOTT COUNT (updated)This morning The NAS broke out of its short-term lower channel (as suggested might happen) and appears to be resuming and respecting the longer-time upward-channel (shown)
We continue to be careful with small short term positions with tight stops until we have a new high.
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