XCMP Index Chart

Nasdaq Composite [TR]

 

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XCMP: NASDAQ Ending Diagonal & Projected Peak Level
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XCMP, D Short
NASDAQ Ending Diagonal & Projected Peak Level

As with the other broad U.S. equities indices, the NASDAQ Composite appears to be in the late stage of a terminal ending diagonal pattern which hints at an imminent peak high. In each index (NASDAQ Composite, DJIA, S&P, Russell 2000, etc), the convergence of the upper and lower trendlines of the narrowing pattern, which implies the final peak level of the ending ...

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