Nasdaq - Exhaust Gap

A cute photo from my friend

Nasdaq has a jump-start on Wednesday and it closed at its peak. A gap was formed. A gap at this stage of wave 1 can only be an exhaust gap can not be a run-away gap, sub-wave v is almost there to complete the wave 1 of major wave (V).

With the latest 104 points surge, Dow is closer to complete its wave 1.

Unlike Nasdaq, there is no gap for Dow.

There is also no gap for S&P. With or without gap, S&P has its sub-wave v's magnitude almost equal to that of sub-wave i. All signs are in favour of an end for wave 1 soon.

Orchid From Keukenhof