We need to rally back to the highs by the close to sustain this potential W3..if it continues to fade it may end up being a 5 before a w2 correction
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Looks clearly like a W3 forming here In SPX and COMP and we could be much higher from where we are by the close..keep grinding’
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This is screaming w3 at this point with dual breakouts in SPX and NASDAQ intraday, so I wouldn’t be surprised if we continue to spike higher here into a full W3
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When a stock is trading at the highs past 10AM it’s a good sign that it can sustain the upward move..TSLA and NVDA have yet to retrace .618 and could it happen today
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If we can hold the highs into 10Am or higher we could turn into an upward w3 after yesterday’s W2…it could be a big one
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Previous 4 was 178.50 and premarket NVDA is above it at 179.50..so if it can sustain that level or higher past 10AM we could see a much bigger reversal
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Nasdaq and SPX are gapping up slightly this morning but it could be enough to setup a W3..if we’re firmly positive by 10am we could turn into one
Read more ...Check it out http://wavegenius.com
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116.42
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worst case intraday is a c wave down after a b wave up, and the SPX and NASDAQ need to hold the intraday low to prevent that
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