Nasdaq 100

Summary Of Our Nasdaq Forecast

Published 9th March 2018 & validated 16th March 2018

The Nasdaq 100 is on its way to reaching a medium-term cyclical trend (since 2010) at some point in 2018. We expect higher highs, higher volatility, and eventually a substantial correction.

Market Pulse

Published 16th March 2018 @ 11:00 EST

The Nasdaq continues to show us a 3-wave up move into the top. This is not a valid Elliott wave structure. Hence, there will be followthrough to the upside of some form. Moreover, we can say from the wave pattern that the increase will amount to a few percents rather than a few points. Last but not least, we see the possibility of a detour via the red counted path towards new highs.

Short-Term Nasdaq Elliott Wave Analysis

Published 9th March 2018 

The Nasdaq is the strongest of the major US equity indices, which are per se strong on a worldwide basis. The index needs most likely at least another down-up sequence in order to call intermediate wave (5) complete.

There is another possible scenario, which we see at lower because we do not like labeling running flats. They are extremely rare. It is highlighted in red and shows the cycle at an end as soon as the current swing completes 5 waves of minuette degrees.

Medium Term Nasdaq Elliott Wave Analysis

Published 12th January 2018

The Nasdaq is near completion of a third wave of primary degree. The tech index shows decreasing momentum in its minor degree waves. Moreover, it overshot multiple trend channel resistance. Last but not least we are at wave and time relationships that signals the completion of intermediate wave (5). Minor wave 3 is extended and wave 1 is around a Fibonacci 78.60% of wave 5 at the moment we publish this. This suggests that the medium-term trend, which is depicted in blue, will come to an end as soon as the short term trend (described above) finishes.

It is likely that the correction of primary wave 4° will be shallow and complex as wave 2° was a sharp and deep zig-zag. Nevertheless, this will be most likely the biggest correction since the drop during the financial crisis in 2008! Our Nasdaq forecast leads to the conclusion that a trading approach will be more appropriate in the next few months.

Technical Analysis