Quick Look At NASDAQ and DOW Elliott Wave Count 2.02.16

NASDAQ – The gap down isn’t enough to negate the upward 3 scenario but it would need to hold at least 4525 to keep the big upward 3 possibility intact..it’s held so far but we need to see what happens at the close..maybe 5 waves down from intraday high.

DOW: 16,100 is 618 support of the rally from the low of the cup and handle Wave 2..if it can hold that level and break above 16350 it would help form an upward 3 and keep the scenario intact..

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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