This chart suggests a top in NDX at 6442 where wave 1 = wave 5 after an extended wave 3. The trendline drawn in parallel from waves 2 to 4 and projected from wave 3 intersect this point at wave 5? which may be a valid top. Good Luck.
Good call! NDX is close to reaching your point (5) and it remains within the red channel.
Teich50
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Do you still think 644x is the top, or we have seen the top already at 6350-ish? Thanks.
Geofftv1
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@Teich50, Yes, I think NDX has one more up wave to go early next week.
Teich50
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@Geofftv1, if SPX, DAX, etc. has made major tops, it seems a bit off for NDX to make a substantial higher high at 644x next week. I'm short NDX but my stops are above 6370s.
Geofftv1
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@Teich50, The NDX often tops after DJI,SPX , thus happened in 2007 before the crash. take care.