For several months the Nasdaq 100 (NDX) has been one of the strongest US stock indexes. Since the sharp drop on 6/9/17 the NDX has underperformed both the Dow Jones Industrial Average (DJIA) and the S&P 500.
Very short term the DJIA appears to be completing an Elliott wave - Ending Diagonal Triangle. *see the trend lines on the DJIA bar chart.
IMPORTANT! Watch the DJIA in the first five to ten minutes of trading on 6/19/17. If the DJIA is in the area of 21,400 there is a very high probability this could be a significant top.
Mark
Very short term the DJIA appears to be completing an Elliott wave - Ending Diagonal Triangle. *see the trend lines on the DJIA bar chart.
IMPORTANT! Watch the DJIA in the first five to ten minutes of trading on 6/19/17. If the DJIA is in the area of 21,400 there is a very high probability this could be a significant top.
Mark