Nasdaq Update

Nasdaq has been following our previous outlook as close as possible. The question remains whether we are in wave x of WXY, and we should expect a surge during the US session today to form wave c. Or we are already in wave 3 of 3, and the market will suddenly sink after opening hours.

The shape of the wave does not provide for a high probability answer. I am holding gold shorts and therefore biased towards the bearish case.