Little changed from yesterday, I have added a slightly different view of the $SPX (the one from yesterday is still valid, it also shows an overhanging blue trendline), showing it's proximity to a 1.00 node even as the $NDX approaches a Crossover of it's main trendlines within 1 trading day of the $SPX hitting that 1.00 node.....
Notice I have updated the $NASI chart. The green up bars have caught up with the upper down-sloping purple line, and by this criteria, the top could happen at any time, although I'm betting it's towards the 22nd through 26th, as I have said...
One other possible scenario is that we have reached a top Friday, spend some time dropping away from the upper daily Bollinger Band (remember, a bunch of Fibonacci ratios line up on Monday, the 18th), and spend the end of this coming week or first part of the following week retesting the same level at the upper Bollinger Band...before we start the autumn decline...
1 comment:
THX again for a different angle at the monster
Im showing the end as well
Post a Comment