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US Markets - Trading buy in the Nasdaq 100 E-Mini
Cerundolo Investment Research
US Markets Update
Volume 2, Issue 33
December 10, 2018
Items of Interest:
The Nasdaq 100 Emini has a short-term turn up from a MFU-4 level and at an Ellipse turning point indicator. We are not experts in Elliot Wave, but do use a computer approach to highlight potential wave counts that can help qualify important turn zones. Our primary focus is always on our Money Flow Unit analysis followed by other proprietary indicators available with the software we use.
If this inflection point takes hold right here, it will likely be the start of a year end-rally that can take the index up 3% to 5%. At this point, the longer-term view on this index as well as other U.S. indices have not changed, but we are vigilant in assessing any changes in that view on a daily basis.
