Hourly breakdown of previously published daily Nasdaq
Updated
Nasdaq appears to be in a B wave of 4 of larger degree. It is also in the midst of a post 5th wave correction of minor degree. Depending on where the B wave ends we will be able to place targets for the C wave. For now I am placing a target for B @ parity with A. MyMACD has started curling up indicating at least resistence in this price area.
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An alternate count is that we are in a double zig-zag. X wave would be the rally in the first week of december and currently we would be in the minor b. If this is the case, the target would be in the 80% to 90% of minor a, which is where we are tight now.
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