US cash market will open in around 20 minutes, and that will be above Friday's close as market has been trading up in pre-session. NASDAQ100 also gaped to a new high and now testing 4000 psychological level after Friday's sell-off which was only a fourth wave within impulsive recovery. Our short-term Fibonacci resistance zone is around 20 points higher, not far away, so market could turn into a downward correction soon if we consider that market is already in fifth wave. If NASDAQ will turn into a corrective pause then be aware of the same on S&P500.
NASDAQ100 (October 2014) 1h Elliott Wave Analysis
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