Replies to post #45442 on Short Term Trading Member Forum

[techcharter]

NDX vs SPX E-waves

While I've been commenting on SPX intraday e-wave patterns, I took a look at the NDX intraday chart.

I have the SPX in a motive wave where wave 3 of 3 is just completing.

The NDX chart is much more clear than the SPX chart. The NDX completed wave 3 of 3 and should complete wave 5 of 3 by the end of today. The NDX has wave 4 and wave 5 to complete before a weeklong selloff begins.

http://charts.insidestocks.com/chart.asp?sym=$Iuxx&data=Z60&date=051406&den=HIGH&divd=Y&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk