28 Jul 2020 ● 11:18 PM
The Nasdaq 100 completed a possible 5 wave rally into the point marked as 1. An a-b-c decline is forming which looks like a zig-zag. Wave v of c down started and the next support is near the 40dema at 10241. Expect a near term dip in the tech index as it has been in corrective mode for a while. The correction could coincide with the FED meet tonight.