Although this is not very likely, there is a shot that NQs bottomed. My reasoning is that volume on downside is no where near epic that it would be if this was the secular end of this bull market. I show that we retraced more than 50% of the advance of WAVE 3 from about 11,000 and are in the range of 50% and 61.8%, a retracement that is more than enough for WAVE 4.
While this whole count is rather dodgy(series of ending diagonals) , I don't see that it's not a valid possibility. But, we should know very soon....like possibility even tomorrow.
Edited by linrom1, 22 February 2022 - 10:16 PM.