I expect that Nq may reach around 15800 the end of 1st week of September or 2nd week. I think it follows path of red wedge . I think volatility stays tight which should bring RSI well into overbought territory. Then I would not be surprised to find a big correction. I am waiting for my long signal which will likely trigger with a small pullback from here.
Share you sentiment. The current rally has been so strong.
I'm watching GOOGL and ADBE as the "canaries in the coal mine" to signal a turn in the NDX. They are representative of the strength of NDX move since May 11
Question 1: will an NDX pullback check-up around 15,000 to 15,100 ?
Question 2: where does the NDX finish September?
Note:
August low was 14,710
August open was 14,972
Might be hard to consider any NDX pullback a correction if those August numbers are unchallenged.
Only thing I can really say with any certainty ... is that Week 35 of 2021 is a good time to be cautious.