This chart shows a possible EW Cycle pattern from the 2016 low which is very near completion.
If correct NDX is now in the final intermediate 5th wave which is taking the form of an ending diagonal which may
complete around the 7700 zone probably this week.
RSI is showing a very large divergence and personally I will be looking for a break of the red line to verify what may be the start
of a very big correction.
Good Luck
If correct NDX is now in the final intermediate 5th wave which is taking the form of an ending diagonal which may
complete around the 7700 zone probably this week.
RSI is showing a very large divergence and personally I will be looking for a break of the red line to verify what may be the start
of a very big correction.
Good Luck
Watch out for a reversal soon!