wolfah

NDX (10) Bearish?

TVC:NDQ   US 100 Index
4
Look at the counting. "Minor"-wave 3 has been extended. So "Minor" - wave 5 probably equals wave "1"! So, an "Intermediate"-wave 3 (3) could have been finished and we would be in a wave "(4)!
Could also be a "Minute"-wave 1 with a smaller ABC correction in an extended wave "5", but keep in mind and trade carefully!
"Sell in May and go away." -thing? -Hope not!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.