NASDAQ - The Worst Is Yet To Come! (Full Elliot Wave Count)
Обновлено
Nasdaq saw a 150% gain from the 2nd quarter of 2020 - which ended kind of abruptly in mid November, where we started the corrective period.
The fact that stocks soared during the pandemic is a clear indication that there is a disconnect between Wall Street (Corporate CEO's) and Main street (The working class). This could be down to the fact that the FED tried to keep the economy going during this pandemic by pumping money they didn't have into businesses. This was clearly not sustainable and it had to fail at some point - which happened to be in November where we started our corrective period.
I believe there will be more bloodshed in the stock market during the FED rate decision. The extent of this bloodshed is still yet to be known - whether they raise interest rates by 25bps or 50bps (50bps may be too extreme and may have a massive negative impact).
From a technical standpoint, we are currently seeing a relief rally but with the uncertainties around the world, it most likely be a brief relief period.
What to expect:
- A minor move down next week
- Another relief rally (to complete the B wave)
- Market crash for the C wave (maybe during FED or shortly after - around April/May)
What do you guys think?
Goodluck and as always, trade safe!
The fact that stocks soared during the pandemic is a clear indication that there is a disconnect between Wall Street (Corporate CEO's) and Main street (The working class). This could be down to the fact that the FED tried to keep the economy going during this pandemic by pumping money they didn't have into businesses. This was clearly not sustainable and it had to fail at some point - which happened to be in November where we started our corrective period.
I believe there will be more bloodshed in the stock market during the FED rate decision. The extent of this bloodshed is still yet to be known - whether they raise interest rates by 25bps or 50bps (50bps may be too extreme and may have a massive negative impact).
From a technical standpoint, we are currently seeing a relief rally but with the uncertainties around the world, it most likely be a brief relief period.
What to expect:
- A minor move down next week
- Another relief rally (to complete the B wave)
- Market crash for the C wave (maybe during FED or shortly after - around April/May)
What do you guys think?
Goodluck and as always, trade safe!
Заметка
The April/May dump scenario will look like this. This would mean FED do not intervene as much to begin with.Заметка
The March 15th FED rate dump will look like this - Заметка
Impulsive Wave (Daily Timeframe)Заметка
Corrective Wave (Daily Timeframe)
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.