nasdaq 2-22 update ~ E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! Eloquent morning, as per a special request - here's my nasdaq projections. ---- there is three potential trajectories from the current levels. #1. implies that we've bottomed, and we will begin a mean retracement to the upside to correct the 5 wave impulse. #2. implies that we have not completed wave 5 yet, and will continue trending down until the wave 5 algo target is hit (after which we will begin a mean retracement). #3. implies an expanded wave 5th (after hitting the expanded wave 5 target, a mean retracement to the upside will take place). ---- 12 year nasdaq count: there's a good chance that wave 3 is in on the monthly timeframe , which would suggest that we're going to be seeing a larger wave 4 corrective phase take place. this could potentially last for a few years, and it is heavily reliant on dxy . since wave 2 was a sharp correction, the law of alternation suggests that wave 4 will be a complex corrective phase. it could take the form of a triangle, or something more simple like a wxy. which ever form it does end up taking, i would be expecting a move down to the bottom of our larger pitchfork . trade safe! πΈ