Nasdaq 100

4 Feb 2022 ‚óŹ 03:31 AM

The decline in the Nasdaq 100 should be wave ii of a new advance. I am happy it happened because the US indices were moving up too fast. They need to slow down for a sustained move higher. Fast moves are often bear market rallies. Now minor wave ii can retrace up to 61.8% before going higher so it is a wait and watch for minor wave iii to show up.

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