NASDAQ Futures H4 Update

Motive wave (i) in form of 5-3-5-3-5 Leading Diagonal looks like it is over.
Wave (ii) has bottomed on previous demand area.
Now we are in early stages of  impulsive wave (iii).

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-h4-update_5468.html

NASDAQ Futures H4 Update

Let's continue with this Leading Diagonal Wave 1 count and see where it gets us.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-h4-update_18.html

NASDAQ Futures H4 Update

Two main counts on chart with no bearish count at the moment.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-h4-update_13.html

NASDAQ Futures H4 Update

Base channel on chart.
Impulsive count added.
2728 is 61% Fibo retracement of latest swing.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-h4-update.html

NASDAQ Futures Daily Update

Not much going on, still in correctiove mode.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-daily-update.html

NASDAQ Futures H4 & Daily Update + TPI

Rationale:
50 and 61% of Fibo Ret and very strong technical resistance level is begging for shorts.

Entry
Sell Limit @ 2693 up to 2705
SL: above 2710  min because there is a lot of stops above 2705.
TP: min. 2650

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-h4-daily-update-tpi.html

NASDAQ Futures H4 Update

Rationale:
From the yestersday's low of  I see an impulse wave up that can be considered as a wave 1 from the bullish point of view. So right now I'm buyng the dips of this wave  because I expect wave c to the upside to develop.

Entry:
Buy Limit @ 2658.50 (Support)
 SL: 2654
TP: 2690

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/nasdaq-futures-h4-update_29.html

NASDAQ Futures H4 Update

Re-Labeled slighty: instead of Ending Diagonal wave 5 I moved the wave 3 higher, counted wave 4 as ABCDE Triangle and then we got an upside thrust in wave 5.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/nasdaq-futures-h4-update_24.html

NASDAQ Futures H4 Update

Looks like wave 1 has finished.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/nasdaq-futures-h4-update_22.html

NASDAQ Futures H4 Update

First impulsive wave of correction looks to be over.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/nasdaq-futures-h4-update_20.html

NASDAQ Futures H4 & Daily Update

According to my main count what just happened was the low for wave C was hit.The form of the correction fits to the ABC Running Flat (3-3-5) correction pattern. There is an importatnt harmonic relationshio at the current level as well: A=C. Those are the clues telling me wave 4 correction might be over. On the other hand, the alternative count, the latest impulsive wave down might be wave 1 of a larger decline but as far as I am concered the top for Nadsaq market would have to be the wave B top and this wave is rather hard to count as an impulsive or even ending diagonal wave 5 of topping market. Nevertheless, non-linear regression models shoes more weakness ahead on H4 TF and moderate strenght on Daily time frame with differnet start date (2008 and 2011 lows considerated).

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/nasdaq-futures-h4-daily-update_18.html

NASDAQ Futures H4 Update + Regression Channel

Very nice moves.

One more to the downside needed before the correction.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/nasdaq-futures-h4-update.html

NASDAQ Futures H4 Update

Correction in progress.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/nasdaq-futures-h4-upod.html