Comparing bullish counts for US500 and NAS100, as they seem to be at similar points in their primary wave structures. I have both charts in wave 5 of (3) of ((5)).
As of right now, I'm relying more on US30 and US2000, in terms of further rallies before wave 5 is near completion.
NAS100 came very close (but did not officially tag) to its pitchfork median line, which may explain the profit taking and ~7% price drop since ATH.
I do think that US500 will eventually tag its pitchfork median line as well, more likely in 2025.
As of right now, I'm relying more on US30 and US2000, in terms of further rallies before wave 5 is near completion.
NAS100 came very close (but did not officially tag) to its pitchfork median line, which may explain the profit taking and ~7% price drop since ATH.
I do think that US500 will eventually tag its pitchfork median line as well, more likely in 2025.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.