[Forecast] Quick Elliott Wave Glance At DOW and NASDAQ 12.22.15 10:11AM ET

DOW – The DOW got 1.618 down in a full 3 and bounced in a full upward 4 to 382 this morning before fading..fading is fine here as I expect a 5th wave down, which could truncate and reverse quickly here..or the full 618 X w1+ w3 which is fine too..in either case the 4th wave stopped the entire 3 which means = possible bottom.

NASDAQ – [ms-protect-content id=”61,117″] NASDAQ got 1.618 downward 3 and full upward 4 to 382 as well right on the number this morning, and we’re forming a 5th wave now..again, like the DOW in either case, whatever 5th wave we get I expect a bottom and 618 or 786 reversal impending… [/ms-protect-content]

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