Nasdaq 100 Eyes 3900 in a Very Over Bought Condition.

Nasdaq 100 extremely over bought sets its sights on 3900 target for double zigzag pattern.

NASDAQ 100 Shows Negative Divergence after Parabolic Move

Nasdaq 100 is setting up nicely for a shorting opportunity on traditional technical analysis.  RSI is now diverging with price action after having been over bought for several weeks prior.  However, MACD is showing its highest high on this chart, which is more indicative of a wave 3 peak rather than a wave 5 peak, unless the wave 5 peak is an extended 5th.  Wave 5's usually are diverging with their prior wave 3 extreme.

S&P 500 chart using Elliott Wave via Refined Elliott Trader software

S&P 500 Chart using Elliott Wave Principle via Refined Elliott Trader software.

Refined Elliott Trader (RET) chart of Nasdaq 100 Index

Elliott Wave Trader software chart of Nasdaq 100 Index shows more room to the upside before a crash will ensue.  Expecting a pullback to complete Primary 3 and subsequently Primary 4, before the final ascent of Primary 5th which then will mark the end of Cycle wave c and Supercycle wave (b).  This stands in contrast to the S & P 500 analysis that shows the Supercycle (dz) as already completed.  The Nazdaq is not far behind.  Its final waves should play out rather quickly.

S & P 500 Prepares To Crash As Primary Wave 3 Begins

S&P 500 sharp corrective Primary wave 2 rally is over.

S&P 500 ready to head south in a wave 3

S&P 500 ready to show its hand when it dramatically turns south and spins heads in a powerful wave 3 to the downside.  This should commence within the next day or two.  Fasten your seatbelts and place all trays in the upright position, we are out of fuel and heading in for a crash landing!

NASDAQ 100 Ripe to Head South

Nasdaq 100 Intermediate Wave (3) Down Ready to Begin

S&P 500 Nears Bullseye of Intermediate (2) and Minor C

Expecting Resumption of Selling Next Week as Intermediate (3) Begins.

S&P 500 Intraday. New Trend Is Down.

Look To Short/Sell Into Rallies.

S&P 500 Top Appears To Be In Place! Crash Is Underway!

S&P 500 Prepares For Final Ascent Before Big Crash

S&P 500 prepares for final ascent.

NASDAQ 100 Prepares for Final Ascent Before Crash

After the Intermediate (pink) degree Flat completes, marking the completion of Cycle degree wave IV, the Nasdaq 100 will begin its final wave up as Cycle degree wave V.  This final wave up should last approximately 2 months since Cycle wave I lasted 2 months.  It could be an April Fools Crash!

NASDAQ near its wave IV ending

NASDAQ 100 says More Upside Remains

NASDAQ 100 is Eying the Round Number 4,000 as its Pre-Crash target!

S&P 500 Nearing a Major Peak

Although the center chart of the S&P 500 shows only 3 of 5 completed of Primary wave 5 from chart #1, there is an alternate count that suggests all 5 of 5 have completed and we are now descending in the first leg of the new major bear market.  The intensity of today's selling would suggest that as well, but for now we will stick with the preferred count illustrated.

NASDAQ 100 New Preferred Count

S&P 500 Nears Its Cycle Degree Peak! CRASH to Follow!

S&P 500 Nearing Long Term Peak

NASDAQ 100 Nearing Short Term Peak

NASDAQ 100 Update

Primary 3, 4, and 5 must complete before the Supercycle (dz) is completed.  This could take a few months.  Primary 3 has 3 of its 5 completed.  The Primary 4 has to work through its waves A,B, & C.  Finally Primary 5 would have to work through its 5 waves, which I am anticipating as an Ending Diagonal.