Looks like NASDAQ has completed wave B from the ABC pattern, at point 6853. It should not retrace far bellow point B
Komen:
There is a mistake in my previous statement, "It should <> retrace far beyond point B", sorry about that.
Komen:
We're now starting to see a strong downtrend triggered right after the Fed's minutes.
There is, however, one more support level near 6725. We may break this level as soon as tomorrow and if so, we will probably experience a strong rally downwards.
There is, however, one more support level near 6725. We may break this level as soon as tomorrow and if so, we will probably experience a strong rally downwards.