Published 29th November 2018

The short-term update below remains valid. The most probable paths changed as new price information arrived over the past week.

A valid interpretation of a complete zig-zag pattern is among the top two scenarios in the Nasdaq 100.

The three main US indices covered here diverge in their wave structures as we publish this update. That suggests fading buying demand and happens typically around more significant turning points. The most likely scenarios are depicted in red and black. Red shows a complete A-B-C pattern of minor degree. The Nasdaq has to overcome the 2009 trend S/R in order to invalidate the red interpretation. The black scenario assumes that this happens.

The bottom line is that US equities are most likely within a bear market rally. The risk for a sharp downside resolution increases along prices.

The analysis above is a historical abstract of our Nasdaq 100 Premium Analysis. Subscribers can access multiple timeframes, which are not displayed on this page.