January 6, 2022

NASDAQ 100 / Elliott Wave Update 1/06/2022 by Michael Filighera

Thursday’s trade held within parameters for current analysis.  The NQ did put in an additional low at 15998 early in the session and it marks the completion point for wave 3 of “C” with wave 4 of “C” now in progress.  It appears that the NQ may need an additional small leg up to complete wave 4 of “C” with resistance coming in at 15892 to 15967.  Once complete expectations would be wave 5 of “C” to carry the NQ back below 15998 with support to complete the larger wave “C” correction coming in at 15490 to 15386.