Attention this is a RED ALERT!
On 05/16/23 the Nasdaq Composite (IXIC) appears to have completed an Elliott wave Ending Diagonal Triangle. If so this could be the final wave up of the rally that began in October 2022. On 05/16/23 the IXIC advance/decline line was bearish. 15 -minute MACD and RSI have significant bearish divergences.
May is the start of a seasonally bearish time for stocks.
U.S. stocks may have begun a multi - month decline.
This is a RED ALERT!
On 05/16/23 the Nasdaq Composite (IXIC) appears to have completed an Elliott wave Ending Diagonal Triangle. If so this could be the final wave up of the rally that began in October 2022. On 05/16/23 the IXIC advance/decline line was bearish. 15 -minute MACD and RSI have significant bearish divergences.
May is the start of a seasonally bearish time for stocks.
U.S. stocks may have begun a multi - month decline.
This is a RED ALERT!
