nasdaq june 6 2018

Wave 1  of 5 up is clearly a three wave structure. This is only possible if we are going to have a “diagonal”.  That would imply that the structure is pretty well complete ( as opposed to the idea that just wave 3 of 5 is complete and there is still 4 and 5 to go ). Note that the RSI is right up there in overbought territory. This is it.