Nasdaq Composite

20 May 202104:49 AM

The recent bounce and decline in US indices are all corrective moves and not yet an impulse.  So we need that final confirmation that the bottom is in but it looks like we are there. The wave marking for the Nasdaq 100 from the April high is a triple zig-zag. The entire pattern from FEB to today is a consolidation pattern within a larger upward trend.

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