Geofftv1
Short

NDX - Weekly, Possible Top at 6442

TVC:NDX   NASDAQ 100 Index
This chart suggests a top in NDX at 6442 where wave 1 = wave 5 after an extended wave 3. The trendline drawn in parallel from waves 2 to 4 and projected from wave 3 intersect this point at wave 5?
which may be a valid top. Good Luck.

Comments

Good call! NDX is close to reaching your point (5) and it remains within the red channel.
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Do you still think 644x is the top, or we have seen the top already at 6350-ish? Thanks.
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Geofftv1 Teich50
@Teich50, Yes, I think NDX has one more up wave to go early next week.
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Teich50 Geofftv1
@Geofftv1, if SPX, DAX, etc. has made major tops, it seems a bit off for NDX to make a substantial higher high at 644x next week. I'm short NDX but my stops are above 6370s.
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Geofftv1 Teich50
@Teich50, The NDX often tops after DJI,SPX , thus happened in 2007 before the crash. take care.
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Teich50 Geofftv1
@Geofftv1, NQ did make a new high today.
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Teich50 Teich50
@Geofftv1 : are you still in the trade? I remain short NQ with stops above 6370s.
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Are there any updates? Thanks.
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