Nasdaq formed a 'dragon fly doji' which is bearish but need confirmation with a red down candlestick.
Dragon fly doji indicates strong selling at the early trading session, by the end of the session buyers resurfaced and pushed prices back to the opening level. The question here is whether the push-back was due to genuine buying or market manipulation by the big guy.
However, in the next few sessioons if the indices continue to climb with increasing volume, it is more likely that wave (III) has started as shown below. But I still think it is unlikely at this moment.
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