Well had a terrible headache this morning, so I just got up to do some chart work. The Nasdaq again is showing relative weakness for another day and this is a sure sign of a pullback due.
Above number to look at on the Nasdaq is 2015 and if we break that we should head up to that gap of 2070. On the downside we must hold 1880 to hold our bullish stand on the market. We are overbought here and I would rather see a pullback before jumping in long here.
Must note I am bearish longer term but very short term I am bullish here. How high we go who knows but I will definitely be looking at the Elliott wave pattern the higher we go.
Remember I am still looking for us to at least test that 1045/1054 area
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