Quick Elliott Wave Look At NASDAQ and DOW for 1.19.16

NASDAQ – if NASDAQ turns around and breaks 4600 by the close i would setup a 5 wave bottom and reversal..but even if it does fade and goes red it’s ok…that would be an ABCDE of ending diagonal as well, so in either case I expect a much stronger reversal this week…both up or down would result in a 618 reversal.

DOW – DOW needs to break 16300 on a reversal to setup a 5th wave bottom and 618 reversal…but like NASDAQ if it does fade and go red below last week’s lows, it’s ok..that would be an ABCDE ending diagonal just like NASDAQ before a bigger 618 reversal;;

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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