NASDAQ Monday 6300?
Updated
NASDAQ has not terminated a wave "3,5" in wave "c" of a "RunningFlat"- or "ExpandedFlat"- pattern on Friday (SPX prob. finished this 3,5 already)! This is, why I would expect a GAP-opening for NASDAQ on Monday. There will be strong support at 6300 area (Fib-level 1.0 of wave "a" for this wave "c")! -Overall, the bearish mode will continue for the next days.
Note
Note
Did some homework. Tried to find the bottom for the next upswing with diff. results. -Next days will show!Note
I keep in mind, that there are lower targets possible: EW-theory also predicts a possible bottom at TP 5819 in a "ExpandedFlat"-pattern, which I don't want to discuss so far...
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