This chart shows a possible EW Cycle pattern from the 2016 low which is very near completion.
If correct NDX is now in the final intermediate 5th wave which is taking the form of an ending diagonal which may complete around the 7700 zone probably this week.
RSI is showing a very large divergence and personally I will be looking for a break of the red line to verify what may be the start of a very big correction.
Good Luck
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NDX has reached my target of 7700 on diverging indicators and with an ending diagonal within an ending diagonal, very bearish! Watch out for a reversal soon!