Now where is the market will go from here ? Don't guess, just follow the market. My predictions and outlooks for the coming three waves can be found here.
Please note that another trap zone is formed again very quickly after the money-making zone, which is not a good sign. Plus, the expected move after the trap-zone is not very measurable ! If the second trap-zone is broken down, namely, NASDAQ 1980 can not hold well, which is still possible to date, the expected DOWN wave will come for sure! So stay alert.
However, for a reliable top in the daily chart, at least a combination of 6 waves is required. So far, I have not seen such waves yet.
Finally, the daily pattern dramatically changed ! Today in the morning, goes higher, but at the end of the day, an intra-day reversal down happens. Usually, this is a bearish sign. It will lead to the breakdown of the trap zone finally.
tomorrow will be a big down day.
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