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neozaru
May 15, 2020 10:37 PM

RFC : NDX bullish until Oct. 2020 ? Long

NDQ/WM2NSTVC

Description

Looking at NDX vs. inflation.
Looks like in a better shape than SPX (higher highs, higher lows) with - if it breaks current level - a continuation of the bull trend until end of September / beginning of October.
My interpretation of the chart is that a "double top" might be found at this point (0.5 fib from tech bubble in this chart, around 10.000/11.000 pts level on the NDX chart depending on printing), then retracing and starting a new trend.

Of course the future is not written yet.

Please share your thoughts since I am still beginner for both TA and FA.
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