The Elliott waves for the NDX is very bearish. There appears to be a series of "one's" and "two" to the downside which could be the prelude to a very sharp break to the downside.
Additionally both wave "twos" could be expanding flats which is a very bearish counter trend formation.
If this count is correct it may be complete or could complete on or just above the declining trend line early on 7/13/17.
Downside projection of 12--15% NDX decline into a bottom some time in second half of August.
Mark
Additionally both wave "twos" could be expanding flats which is a very bearish counter trend formation.
If this count is correct it may be complete or could complete on or just above the declining trend line early on 7/13/17.
Downside projection of 12--15% NDX decline into a bottom some time in second half of August.
Mark