Elliott wave charts of bear wave count.
BEAR WAVE COUNT
WEEKLY CHART
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DAILY CHART
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TECHNICAL ANALYSIS
DAILY CHART
Click chart to enlarge. Chart courtesy of StockCharts.com.
This analysis is published @ 04:45 a.m. EST on 28th June, 2016.
Ari,
I think you’re right. On the weekly chart the NASDAQ should have Primary wave 1 completed last February and Primary wave 2 ended beginning of June just like the S&P.
(see chart)
I think we are in intermediate wave 1 of primary 3 in the NASDAQ too, not intermediate wave 3 of primary 3.
ThanQ Lara. I’ve been waiting for a Nasdaq update…
I was pondering this going over the charts:
1. Shouldn’t all the US markets be kind of jiving together? The Nasdaq analysis shows we’re already over with the “big move” down (minor 3 of intermediate 3 of primary 3). If that’s the case, doesn’t that imply that the big move is done overall with all the indices?
2. In these charts, minor 3 of intermediate 3 of primary 3’s move down was about 335 points… but the target for end of intermediate 3 is 3416, which implies minor 5 of intermediate 3 to be about 1,300 points in size (roughly from 4,700 to 3,400)… I was under the impression that 3rd waves “generally” are the swiftest in indices, and 5th waves “generally” swiftest in commodities. Now I know you’ve said in the past that in bear markets, indices may act like commodities, but that is still a very big discrepancy?!!
Thank you again for your great work 🙂
Apologies for the length of the question, but I’m trading the SQQQ so for me the Nasdaq analysis is very important…
I think I need to move the degree of labelling on the last move down from the end of intermediate (2) down one degree.
Sorry. that chart was prepared too quickly, I didn’t give enough thought to that.
So minor 1 isn’t finished. then Nasdaq and S&P can jive together 🙂
ThanQ 🙂
thanks!