COMP – NASDAQ Composite

In my last update for the NASDAQ in the 2018 discussions folder, I stated

I do not anticipate any current rebound going higher than 6,878.99 in the short-term. After one more low will I think Wave 3 on my chart will then be complete.

Here are 2 charts. One is an updated 6 month daily candlestick chart from the last 2018 update that shows the rebound failed to go above the 6,878 price level and is now proceeding with more of its Wave 3 downwards as anticipated.

The other chart is a 5 year monthly candlestick chart. It shows a MACD Histogram with long-term selling momentum continuing to increase. While the month is still early and could change, that does not appear to be forthcoming in the immediate future.