In this week's podcast I provide an Elliott Wave analysis of the Nasdaq 100, discussing the market's current position. I discuss the potential for a significant market correction, suggesting that based on mathematical and Elliott wave analysis, a top is approaching, which could lead to a correction lasting 1.5 to 2 years. I compare the current market situation to historical events, such as the 2000-2002 dot-com bust and the 2009 financial collapse, to provide context for the expected primary fourth wave. I also examined the structure of minor and intermediate waves, predicting that the next move could either be a clean five-wave decline or a more complex ABC pattern, which would influence the overall pattern of the primary fourth wave correction.
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.