Nice reversal so far from 1255 where we called end of a five wave rally in wave (c). For now a decline from the top is not in five waves yet, but is looking promising so far. However, for further weakness we want to see a daily close price today beneath 1231 that would open door for 1219 and even 1200. For now, short-term invalidation level is at 1244.
GOLD 1h Elliott Wave Analysis
NASDAQ100 is higher in pre-market now already at the highs after recent fourth wave pullback as highlighted yesterday. Price could rally to 4000-4020 in the near future, but then keep an eye on new retracement of wave four but of a higher degree.
NASDAQ 100 1h Elliott Wave Analysis
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