Quick Look At NASDAQ And DOW 3:26PM – 12.14.15

NASDAQ – NASDAQ completed the full downward 3, but in order to confirm this completed formation we need at least an upward 4…in this case 382 would be 4975-4980, so there would be a bit to go on the upside for NASDAQ to get that upward 4..but I think it’ll happen as soon as tomorrow..

DOW – DOW 382 upward 4 would be 17450 after completing 1.618 down to the 17150 range… we need to get that 382 move or the downward 3 may extend to a 3 from hell…I’m not expecting that to happen however since they happen maybe 1 out of every 10 W3’s..

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