Nasdaq still under pressure

Dec 11, 2021

Nasdaq appears to still be under pressure in the short term. My wave count suggests Santa won't be coming to town this year.

Dec 13, 2021

Trade active

Nasdaq closed below the slow MA opening the doors for a gap down island reversal tomorrow.

Dec 21, 2021

Trade active

The gap down did infact occur only to be closed the following day. Yesterday the market gapped down again which it struggled to close, in fact is still shy 2 points of closing the gap, instead the market proceeded to do new lows before rebounding and closing where it started.