Quick Elliott Wave Look At DOW and NASDAQ 3.06.16 – Best Case/Worst Case

Quick Elliott Wave Look at DOW and NASDAQ For 3.06.16:

DOW:  DOW many have completed a rare expanded flat with the C wave low this morning and bounce…that could be 4 up before 5 down in the C wave and within the expanded flat…786 reversal appears imminent but worst case is a full downward 3 to test 16850 if the 4-5 fails to reverse today.

NASDAQ: [ms-protect-content id=”61,117″] NASDAQ A = C target I was looking for was the 4660 range which it hit intraday before the bounce we’re seeing…786 reversal would be over 4710 or near or at positive by the close based on this formation..worst case is a full 3 to the 4640 range, but it looks like the rally is gaining steam. [/ms-protect-content]

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