NDX - 1st wave down almost complete.

TVC:NDX   NASDAQ 100 Index
This chart suggests that NDX has completed or nearky completed the first wave down
From the 7700 top as it reaches the .618fib of the previous impulse wave.
This wave has taken the form of a leading diagonal which as nearing comletion is showing
momentum divergence.
If correct expect a rally next week. Good luck.

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Nice job Geoff!
Geofftv1 Ta-Trade
@Ta-Trade, Thanks, I will be watching NDX closely for an upward break of the diagonal top line.
+2 Reply
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