[Morning Forecast] Quick Elliott Wave Look At DJIA and NASDAQ 12.30.15


DJIA – Upward 3 formation 1-2-3 still intact even with this fade, but DOW needs to hold 17,600 to sustain the move..worst case it’s a 5th wave but that would be the case only if 17,600 breaks to the downside or 618 support of yesterday’s rally.

NASDAQ – Upward 3 formation is intact as well for NASDAQ, but needs to hold support at 5060 to sustain the move off of Monday’s lows..that’s 618 support of the Tuesday rally, and best case it’s a 2 before a 3 that forms a big upward 3 into next year.

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CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."