[Forecast] Quick Morning Elliott Wave Look: NASDAQ and DJIA 12.28.15

NASDAQ – We went up and broke 786 retracement and than the bastards HAD to drop it today of course..but all is not lost yet…618 support is still intact but needs to hold at 4977 to keep the upside reversal intact..there’s still a good chance we bottomed, but it’s quite aggravating waking up and seeing what we’re seeing this morning.

DOW – DOW broke 786 as well, but needs to hold 618 fibonacci support at 17300..if it can do that and break 17600 again it would setup W1, W2, W3 into a full 1.00 breakout. ┬áThe chart has been very sideways for a long time so the breakout that ensues would setup a pretty large upward 3 that would last months..

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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