Analysis:
Wave analysis suggests top end june / start of july -
Tom Demark 9th reversal signal occurs 1st of july
RSI divergence suggests bearish reversal
Wave analysis suggests MAJOR top on NDX
Fibonacci analysis of target for top: 14,500 to 14,700
Note: wave extensions may occur. If so - target is closer to 17,000 by august/september
get ready to watch and short. I am bearish NDX if it breaks 13,958 in the coming week. This bearish target can possibly be changed to approx14,300 if NDX moves upwards from monday and heads towards 14,500
Stop loss for a short position would be new highs on NDX
Wave analysis suggests top end june / start of july -
Tom Demark 9th reversal signal occurs 1st of july
RSI divergence suggests bearish reversal
Wave analysis suggests MAJOR top on NDX
Fibonacci analysis of target for top: 14,500 to 14,700
Note: wave extensions may occur. If so - target is closer to 17,000 by august/september
get ready to watch and short. I am bearish NDX if it breaks 13,958 in the coming week. This bearish target can possibly be changed to approx14,300 if NDX moves upwards from monday and heads towards 14,500
Stop loss for a short position would be new highs on NDX