The intermediate correction in the Nasdaq is still missing. With a break through 14616 points, a wave 4 could start in form of a correction... The bulls should no longer go above 14797 points, otherwise an even more aggressive count would be required. In the end, however, this would not be a bad thing, it would simply go straight up.
As I said, the upcoming correction is nothing big, ideal target would be 14436 points.
It remains exciting, the 14616 points could now give an impulse today that the market starts the small sell-off. Until then, the upward pressure is maintained. I clearly stay away from shorts here!
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