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Nasdaq Composite

The Nasdaq should at least be heading toward the upper line of the recent highs to complete a possible ending pattern for wave 5. This is at 7992. On a larger time horizon wave 5=1 goes as far as 8168. In my earlier post we considered wave 5 ended at the recent top, and so far the retracement has been steep. This is then the next alternate that is open.

nasdaq 070818

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