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Nasdaq Micro 2 Count, A New Idea.

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The previous Nasdaq Micro 2 count was bullish but invalidated. In line with my post regarding the NYSE composite, this count suggests an expanding diagonal for wave 1. I'm not particularly a fan of this count but a contracting diagonal leaves a 3rd wave that is too short. Admittedly, the proportions do not seem correct but it is legal. So until we see more convincing structure, … [Read more...] about Nasdaq Micro 2 Count, A New Idea.

The NYSE Composite

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Introducing the NYSE Composite Index count. The Index is at a critical point where the alternate could measure as a completed 5 waves rather than the beginnings of an extended impulse. There are a few problems however. If it were instead counted as 5 waves, the 2 and 4 lack alternation as they are both zigzags. I have checked every index and each can also be counted as a single … [Read more...] about The NYSE Composite

Nasdaq Futures Micro Count 1 Update

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One interpretation of this count is that the index futures will carve out another smaller degree second wave after finishing an extended fifth wave next week. While many indexes have confirmed bear market structure, the Nasdaq has yet to. Given how deep the expected highest degree wave will plummet, it’s highly possible it is giving the market a third extension in order to … [Read more...] about Nasdaq Futures Micro Count 1 Update

A Bear Market Rally for the Euro

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A first wave decline for the Euro has completed and a bear market rally is underway. As with most second waves, I expect a zigzag advance and the first area of interest is the price territory of the previous fourth wave. I’ll set an alert when price reaches that area and we’ll re- check the structure. A Bear Market Rally for the Euro by BossWizard on TradingView.com … [Read more...] about A Bear Market Rally for the Euro