Classic Gartley 222 Pattern in the NDX - sets up Target 1 at 61.8% of CD = 5733, Target 2 at 127% of CD = 5608, and finally Target 3 at length of XA at 5575. I favor a 5 wave move to Target 3
Comment:
June 27 - Midway between Targets 1 and 2. NQ Futures are tracing out a probable 4 of the 5 Wave pattern now. Wave 1 was 5852 to 5768 (84 points), Wave 2 was 5766 to 5806 (40 points), Wave 3 was 5806 to 5670 (136 points), Wave 4 (tracing now, high 5680 so far) and Wave 5 should match Wave 1 = 84 points. Projected final target of 5596 +/- 3 points. That should happen tomorrow.
IMHO this completed pattern is only a 1 (or A) of a larger pattern. After target is reached I expect a desperate 2 or B Wave into quarter end and the holiday
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IMHO this completed pattern is only a 1 (or A) of a larger pattern. After target is reached I expect a desperate 2 or B Wave into quarter end and the holiday