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 May 12, 2020
On the QQQ 60-min chart, the QQQ’s are still bullish above the 217.32 level. Thus, the wave counts are the opposite of the SP500, with the primary (green) count on the QQQ looking for a move up to 234 to 235 to complete major [1]-P1-C3.
On a break below 217.32 look for the major [2] expanded flat wave to drop to the 200 area per the alternate (blue) count labels.
QQQ 60-min chart:
This entry was posted on May 12, 2020 at 4:24 pm and is filed under Premium, QQQ. Tagged: Elliott Wave Technical Analysis, QQQ Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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