Normal
NDX has met all upside projections reaching the yellow projection range. Only 2 things can happen here, 1/ It reverses trend 2/ It stays in this range until other indices reach their respective projection ranges.Having said that the SPX can turn down without reaching it's range cross the offset lines that gave the projection, and invalidate the upside projection.Dynamic Cycles show a strong bearish divergence on the Trend indicator but more importantly this market has reached an "extreme" on the upside reaching the 3rd standard deviation of the average % price excursion from the pink line. I have placed arrows to show how the market has reversed trend in previous instances when reaching this important extremes. All that remains are the weekly sell signals to form, howevertoday the NDX has printed a bearish engulfing candle...[ATTACH=full]104309[/ATTACH] [ATTACH=full]104310[/ATTACH]
NDX has met all upside projections reaching the yellow projection range. Only 2 things can happen here, 1/ It reverses trend 2/ It stays in this range until other indices reach their respective projection ranges.
Having said that the SPX can turn down without reaching it's range cross the offset lines that gave the projection, and invalidate the upside projection.
Dynamic Cycles show a strong bearish divergence on the Trend indicator but more importantly this market has reached an "extreme" on the upside reaching the 3rd standard deviation of the average % price excursion from the pink line. I have placed arrows to show how the market has reversed trend in previous instances when reaching this important extremes. All that remains are the weekly sell signals to form, however
today the NDX has printed a bearish engulfing candle...
[ATTACH=full]104309[/ATTACH] [ATTACH=full]104310[/ATTACH]
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