[Forecast] Quick glance at the DOW and NASDAQ 12.10.15

Quick glance at the DOW: A = C would be 17,300, but I’m thinking we test the low of the A wave before any semblance of a reversal..that would be 17,225-17,250 to the downside..that would be ABC flat at that 17225-17250 level and for 17,300 an ABC zigzag before 618 or 786 reversal at best.

Quick glance at the NASDAQ: [ms-protect-content id=”61,117″] 4980 is solid zigzag ABC support that would be A = C, but again, C waves in flats tend to retrace to the low of the A wave as support, and that would be 4910-4920.  Shorting here with SQQQ isn’t a bad idea ahead of these retracement levels.. [/ms-protect-content]

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