NASDAQ 100

5/20/2019 04:14:00 PM........................author:blue light

ELLIOTT WAVE -- USTEC -- NASDAQ 100 -- TF = 4 hours -- 


The NASDAQ 100 is facing many challenges, and the new set of tariffs will have a tremendous impact on the sector and in names such as Apple Inc [AAPL] and Intel [INTC]. ALERT !! Momentum has stalled, and this sector is under severe pressure and it is trading well below its 50 day MA. This move lower could be faster than the impulse waves with increased intensity and velocity.
[SQQQ = 3x Short]  [TQQQ = 3x Long]