Nasdaq and S&P500 Short: Completed 5-wave structure

In this video, I explain my analysis of the Nasdaq and S&P 500 chart together with Gold (the risk-off indicator).

I point out 3 main reasons why I labelled the 5-wave structure as W-X-Y-X-Z instead of 1-2-3-4-5:
1. Wave 3 overlaps Wave 1.
2. 5th Wave did not make new peak.
3. Gold structure still supports a 5th Cycle level wave higher.

Regardless of how confident we are, remember to set your stop and respect it.

Good luck!