Nasdaq 100

The Nasdaq closed down after what is a 3 wave advance and a 78.6% retracement. This means that wave B is over and wave C down starts. At the most it takes a few days forming a small triangle at the end of B on top before wave C down starts, but there is unlikely to be any more upside. Wave V down is likely to be equal or mostly even bigger than wave A so if you that thought that felt like a crash then it was only a prelude. So that gives us two numbers, 6013 but mostly much lower to 5581 for the4 Nasdaq 100 from 6770 that we closed at last night.