Nasdaq approaching what appears to be the end of a minute C wave. Coincides with a 1.236 extension of A wave. RSI behavior seems to confirm it is in a 5 of C. An upward acceleration from these levels may signal an intermediate pause in the bear market and turn this C wave into a wave 3.
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@ 13.30 EET (GMT + 3) We are trading @ 14887. Significant acceleration should occur under 14880.
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Be aware that a break above 14920 opens the road for a rapid acceleration to 14990. 14880 remains key to the bearish case in the short term.
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