markrivest
Short

Major Nasdaq peak 9/22/16 -9/23/16

TVC:IXIC   NASDAQ COMPOSITE
75 0 1
I've posted that the SPX             could reach the 2230 - 2260 9/30/16 to 10/03/16.
The Nasdaq (IXIC) has made a new all time high unconfirmed by the SPX             and DJIA             .
This in itself is a bearish signal, additionally the IXIC has a significant RSI bearish divergence.
The IXIC appears to have formed an Elliott wave Ending Diagonal Triangle.
A typical Fibonacci relationship is for wave "1" to equal waves "3" to "5" that target was almost hit on 9/22/16.
The IXIC may have peaked on 9/22/16 if not it may top on 9/23/16. If the IXIC is topping now then the SPX             will probably peak as well and won't reach the price and time targets I have posted.
After completion Ending Diagonal Triangles quickly retrace to their point of origin, which in this case is the bottom made on 2/11/16. The IXIC could reach this level by late October to early November.

Mark
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out