Friday update

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Thursday after the close

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Thursday update

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Wednesday after the close

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Wednesday update

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Tuesday update

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Monday after the close

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Monday update

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Nasdaq 100 Cash ( NDX ) – Part II

Now for the more bearish scenario which is also a good fit at this time.  Chart above shows that Nasdaq 100 has completed a near perfect “Bearish Bat” pattern since 2000 highs, and if this is indeed the formation which NDX will follow – long term outlook is very bleak.   When fully “played out”, upon Bearish Bat completion, price tends to exceed point “A”, which would be nothing short of complete melt down.  Of course at this point it is impossible to say which outlook will prevail, but breaking 3000 on NDX will start tipping the scale toward bearish outcome.

Good trading,

 

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Nasdaq 100 Cash ( NDX )

I meant to upload this chart early last week but with some unplanned travel popping up did not have a chance.  This is monthly Nasdaq 100 cash chart, this Index bottomed in November of 2008 and lead this five plus year rally.  Last week Index came up right to 88.6% resistance, from all time highs in 2000, and quickly reversed from that level.  It seems like we can easily count three waves up, with wave 3 exceeding 161.8% of 1, hence suggesting motive wave in progress.  So it is possible that NDX will simply pause here in what could be long term wave 4, before staging another massive advance.  Breaking above 88.6% level would be a huge confirmation of much higher levels ahead.

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E-T’s Weekend Video

Weekend Elliott Wave Analysis including a review of Sentiment, the S&P500 Index, the US Dollar Index, Crude Oil and Gold.

Nothing in this video is to be taken as trading or investment advice. This video is educational only and explores whether or not the Elliott Wave theory can be useful in determining market direction. It also serves as education on Elliott Wave Theory and on recent market history. It is not a solicitation to buy or sell any securities. Market participation can be a risky endeavor, and cause loss of some or all capital. Consult your financial adviser regarding the suitability of market participation regardless of any information in this video.

The information contained herein is exclusive to the “studyofcycles.com” and is subject to the applicable copyright laws. Reuse, republication, or retransmission without the expressed consent of the author is prohibited.

© 2014 studyofcycles.com

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20141212 – After The Close

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