The very first, conventional chart shows the Segments in the $SPX and $NDX used to compute the setups for the four Exponential chart clusters that follow. Here you can see what I see.. Here there are six charts each, of the $NDX and $SPX, covering the time span from the tops on both indexes in October 2007 to the present...
Notice that $SPX charts show the greatest indications of a potential pullback with at least two and possibly three of the six $SPX charts showing price action touching or slightly exceeding one of the Exponential trendlines (at the right edge of the charts, which of course, is _now_ )...$NDX does show the current high at a .50000 node on one of the charts and $SPX shows price action at or near a .2500 node.
These are all based on yesterday's closing prices..
Collectively these suggest a pullback..and on the $NDX on a chart from yesterday, you can see we have reached the 38% Fibonacci retracement, which also suggests this is a turn period of some scale for the market...
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