First of all, sorry I didn't get around to posting my Nasdaq update yesterday. But I will get to it today for sure. So check back later for that.
We finally hit my target of 1085 today. We slightly broke it, but 1083 was also another key pivot point from the Thanksgiving low. The way we bounced up quickly from that was expected. I believe that Minute wave [i] has now ended, and we are in Minute wave [ii]. The 50% retracement for that is now around 1116.My expectated range for wave [ii] is 1115-1120 for now. The expected time for wave [ii] is probably by the end of the week, if not, early Monday. But the first test of this mini-rally is to break 1100-1105.
I really think that 1083 should hold for now, at least until we bounce up a little. But if infact we do break 1083 tomorrow, watch for 1080 then 1075.
So once again, please check back later tonight, as I will have more charts on some key Nasdaq stocks that could potentially lead the market. Thanks!
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