Replies to post #22591 on ETF SWING & DAY TRADING

[SyndicateTwo]

And head and shoulders patterns very rarely, if ever, involve completely straight necklines that happen to be major new support levels that were once old major resistance levels, which is exactly what we have in the NDX and Nas. I think we are simply retesting and bouncing within a new channel. But there's even more to it than that. I think that the market is waiting for something. That ADX on the daily Nas chart is very telling.

But, in wave terms. it's actually all very simple and as easy to understand as counting 5 waves up from Nov through Jan, and then 3 zigzags (ABC) down as corrective. I think we completed the C last week and are just drifting now waiting for even the slightest hint from the Fed.

Something is coming in the next 2 weeks....... Something big.....

I personally think we see Q $45 to $46 within 2 months. Maybe far sooner.