Nasdaq opening on 14th june 2021

As mentioned in my last post Nasdaq is in a 5th wave bull run. The 5th wave seems to be progressing upward on the last leg of the ending expanding triangle. This last leg may correct now in the short term to eventually rise by almost a thousand points before final completion of its 5th wave bull run.

 

The invalidation of this wave count can only happen if the nasdaq moves below the level marked D. One can therefore look forward to a good rise keeping the level marked D as a lower benchmark.