csmottola71

NDQ 60 min. continued

TVC:NDQ   US 100 Index
The Primary B Wave is developing in a Flat. The Intermediate A of Primary B developed in 3 waves thus reducing the scope of possible patterns to Flat and Triangle. I'm going with flat since (A) stopped at 50% retracement of the move from last years high. If this is a regular flat the market will bounce between 13950 and 14100, respectively 84.4% and 76.4% retracement of (A). Before that we should rebound sharply so as to form the second leg of the Intermediate B. We'll see. As said before, don't try and time the market. The best way to trade corrections is on a VERY short term chart (minutes or seconds)

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