Justa's Dive Bar

[Justa Werkenstiff]

Market: On the NDX, my upside target thinking had been 1850 when I turned market neutral on 4/4. Obviously that target has been exceeded.

A few days back, I reworked some things and saw this NDX move as potential though I saw indications that the NDX was topping at 1850.

Anyway, fwiw, I am seeing a short term top on the NDX anywhere between NDX 1890 and 1905. But the interesting thing in my mind is that area has the potential to develop into an intermediate term top as well over the coming month.

I will be very interested to see what the rest of the month brings for the NDX. I am wondering if it closes near the highs I indicated or if it sells off from those highs, or maybe something else I have not considered.