March 8th, 2016: QQQ Wave Count Update
Posted by pugsma on March 8, 2016
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SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on March 8, 2016
12:15 pm EST: Today the QQQ’s tested key support at 104 and so far it held. If this 104 support holds, then the QQQ’s have a potential path via an IHS target of 113 to the closing the 112 to 110 gap from Jan 4th, 2016.
QQQ 60-min chart (mid-day):
QQQ weekly chart (mid-day):
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