Quick Elliott Wave Look At $DJIA $COMPQ 4.04.16 – Zigzags and reversal scenarios

DOW: 17,790 is the 786 breakout level of the entire intraday dip on the ABC zigzag..if that level is cleared we could easily see a launch of a continuation of a Wave 3 into the close..that would be ABC and 786 breakout and turning positive here would help a lot in forming this ramp.

NASDAQ: [ms-protect-content id=”61,117,1559″] 4910 is the 786 breakout and moments ago it just cleared that level..if it turns positive there’s a very good chance of a ramp into the close into a continuation of a Wave 3…4946 which is the key long term breakout level at 786 of the Aug-Feb correction is near and could be broken this week. [/ms-protect-content]

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