Just a quick reminder that IMHO, the techs and small caps will again be the proverbial canaries in the mine. T
The NDX's momentum indicator line is quickly approaching the LT UTL... if my alternate scenario is correct (wave-c:iv), this line will be broken to the downside in the coming months, thus ending the bull market in the NDX... this is not to suggest there will not be a secondary high, as in 2000, but it may end up being a lower-high.
Link to chart: https://postimg.cc/image/ycr0hu8qh/
Now looking at the SPX... if my alternate fractal scenario plays out (wave-c:iv), the momentum indicator line will likely drop down to the higher of the two UTLs, but the bull market will still be in tact... watching.
Link to chart: https://postimg.cc/image/vwtsh6xvt/
