Point and Figure chart clearly shows the Nasdaq 100 (NDX) is approaching a dangerous double top in price near 7700,
all the while on a Crossover "Sell Signal, with the True Strength Index (TSI), since October 2018.
True Strength Index TSI, developed by William Blau in 1991, and first published in "Stocks And Commodities",
is a unique momentum oscillator, whose center line crossover, reveals the purest Signal of Trend Direction.
Momentum in this nearly straight up price rally in NDX in 2019
continues to decline,
even as price advances week after week towards it's all time high.
TECHNICAL CONCLUSION :
Nasdaq 100 is extremely vulnerable for a significant adjustment,
or price decline in 2019.
The only question is simply
WHEN...?
NDX Last 7494.89
THE_UNWIND
4/12/19
NEW YORK
all the while on a Crossover "Sell Signal, with the True Strength Index (TSI), since October 2018.
True Strength Index TSI, developed by William Blau in 1991, and first published in "Stocks And Commodities",
is a unique momentum oscillator, whose center line crossover, reveals the purest Signal of Trend Direction.
Momentum in this nearly straight up price rally in NDX in 2019
continues to decline,
even as price advances week after week towards it's all time high.
TECHNICAL CONCLUSION :
Nasdaq 100 is extremely vulnerable for a significant adjustment,
or price decline in 2019.
The only question is simply
WHEN...?
NDX Last 7494.89
THE_UNWIND
4/12/19
NEW YORK