NQ1! Nasdaq futures analysis (resistance & supp, Elliott) 03-09
Today was a complete massacre
Only two things can be seen from a movement that didn't stop in any barrier:
-12400 proved the final resistance of this movement up. Whenever it continues, it will be an important level to consider.
-11600 proves (up until now) to be the only support for the Nasdaq, exactly what can be considered the previous level fourth degree wave.
We can't call the movement finished, and as I said yesterday, fourth waves are difficult to predict.
Therefore tomorrow's prediction remains unexistent.
Only two things can be seen from a movement that didn't stop in any barrier:
-12400 proved the final resistance of this movement up. Whenever it continues, it will be an important level to consider.
-11600 proves (up until now) to be the only support for the Nasdaq, exactly what can be considered the previous level fourth degree wave.
We can't call the movement finished, and as I said yesterday, fourth waves are difficult to predict.
Therefore tomorrow's prediction remains unexistent.
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