This page shows the preferred current count for the NASDAQ in more detail. Please refer to the wave-labeling page to see which degree waves each is. This page will be updated a few times per month. Please refer to the “NASDAQ big picture count” page for the larger degree waves over the past 10+ years.
Last update March 18, 2019.
Using the NASDAQ100 (NDX) for form: (red) intermediate wave-v of (black) major-1 is now underway and has reached the ideal target zone as well as resistance.
Failure by the Bears to step it up, or put differently the failure of the Bulls to let go will shift the count to a larger b-wave or possible ending diagonal primary V wave. These two options align with the alternate S&P counts as well. So Bulls really should let go here to create a nice major-1, 2 setup… if not then we know that both b-waves and diagonals are terminating patterns and although the party will last for a few more weeks, the hang over will be horrendous…