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Where is NDX headed?


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#1 steadyquest

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Posted 11 September 2020 - 12:21 PM

If this is the start of a max-step decline such as we experienced in Feb/Mar then it could potentially be aiming to fill the gap at ~7635.

 

 

NDX-Path-Down.png  
 



#2 .Blizzard

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Posted 11 September 2020 - 12:49 PM

hhmmmm...WWW3? CIVIL WAR?


 
 
 


#3 Dex

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Posted 11 September 2020 - 01:08 PM

If this is the start of a max-step decline such as we experienced in Feb/Mar then it could potentially be aiming to fill the gap at ~7635.
 
 
NDX-Path-Down.png  
 

I'm not into gaps. That target isn't unreasonable.
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#4 steadyquest

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Posted 11 September 2020 - 01:37 PM

My target just happened to land on the gap.

 

In regard to causes - who could even guess?  Maybe the re-opening of the economy has taken longer than expected.  Or it could just be the WS gang doing their thing, i.e., extracting as much capital as possible from the little fish and working class.  Do they need an excuse?  It could just be a swift trip down and back.  It has been only half a year since we launched from below that level.  And market pricing seems rather arbitrary these days anyway, doesn't it?



#5 pdx5

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Posted 11 September 2020 - 06:33 PM

The leaders in Nasdaq continue to make profits. They are gaining in profits, not declining in profits.

I can visualize major support at June levels.


Edited by pdx5, 11 September 2020 - 06:35 PM.

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#6 dowdeva

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Posted 11 September 2020 - 07:38 PM

TSLA @ 100 by Xmas.



#7 steadyquest

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Posted 11 September 2020 - 11:26 PM

Tesla @ 100 by Xmas - I'll see you and raise you to Halloween.



#8 tsharp

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Posted 12 September 2020 - 02:13 PM

My guess is not below ~7800, and perhaps between 7800 and 9600.

 

NDX-W-9-11-20.jpg



#9 tradesurfer

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Posted 12 September 2020 - 02:37 PM

Well I do not know about NDX but on Armstrong's weekly sp500 timing model I see the message "Potential Seroius Crash"



#10 pdx5

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Posted 12 September 2020 - 06:03 PM

Well I do not know about NDX but on Armstrong's weekly sp500 timing model I see the message "Potential Seroius Crash"

Based on what? Normal TA? Normal cycles? Normal anything?

This is NOT a normal market. 


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