Nasdaq

Nasdaq Composite has had a relentless rally from Oct. Despite many calls for an end to it, it did not close below the 20dma except once. Now, this week was a second time. I have extended the waves to mark wave I of 3 as complete at the recent high from where we are falling in a-b-c and this correction could see some more downside to the 40dema at 13400 or the lower band at 13157