Short Term Trading Member Forum

[techcharter]

NDX Relatively Weak Against RUT, SPX and INDU.


The NDX has rallied less than half of its pullback from the Microsoft earnings. The other martkets have nearly recovered from that pullback.

I've got a double zigzag wave count for the rally off last week's lows in all the markets. The zag (a little zigzag) started this Monday in early morning trading. Late Monday into Tuesday was a triangle. This signals one more little zigzag. This final little zigzag started Tuesday afternoon. Ther is a very good chance the NDX will truncate and lead the markets lower tomorrow.

Tomorrow's opening should put the final touches on the bear market rally. The market heads lower before the FED makes an announcement, and plunges after.