• 388 days Could Crypto Overtake Traditional Investment?
  • 392 days Americans Still Quitting Jobs At Record Pace
  • 394 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 397 days Is The Dollar Too Strong?
  • 398 days Big Tech Disappoints Investors on Earnings Calls
  • 399 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 400 days China Is Quietly Trying To Distance Itself From Russia
  • 401 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 404 days Crypto Investors Won Big In 2021
  • 405 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 406 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 408 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 408 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 411 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 412 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 412 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 414 days Are NFTs About To Take Over Gaming?
  • 415 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 418 days What’s Causing Inflation In The United States?
  • 419 days Intel Joins Russian Exodus as Chip Shortage Digs In
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

Nasdaq Short-Term Elliott Wave Analysis

Short term Elliott Wave cycle suggests bounce to 5117.3 ended wave (X). First leg of decline from this level unfolded in a zigzag and ended wave W at 4847. Wave X bounce is currently in progress in 3 or 7 swing to correct the decline from 5117.3 and ideally can reach 4981 - 5012 area before the Index resumes lower again. We don't like buying the proposed bounce and expect continuation lower after wave X bounce is complete as far as 5117.3 pivot stays intact. If Index breaks below 4847 without further bounce from current level, decline from 5117.3 can be in 5 waves and so another low below 4847 can end wave ((v)) of A before a bigger bounce in wave B to correct the decline from 5117.3.

NASDAQ Short-Term Elliott Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 

Back to homepage

Leave a comment

Leave a comment