NASDAQ100: Lower initially, followed by brand-new all-time highs !?
For those brand-new to our Elliott Wave-based analyses and as a pointer to our routine readers, we have actually been tracking an ending diagonal (ED) pattern for the NASDAQ100 (NDX) for over a month. In our previous upgrade, we discovered that
the index has actually advanced to the very little advantage target [123.60% @ NDX21509] for the 3rd wave extension within an ending diagonal pattern. While the disadvantage danger is therefore presently increasing and proper actions ought to be taken, e.g., raise stops and take partial earnings, till we see at least a break listed below NDX21200, we can still enable for greater costs ... the red 138.20% extension at NDX21868 ... A break listed below that level, specifically the (orang) 3rd caution level at NDX20600, will inform us that the red W-...