Blackbelt1 - NDX is different story, the strong move off July 7 low makes it hard to read the cycles though, but sure looks like 5wk low might not have arrived yet, and could happen early next week about 5wk FLD daily line and assuming a follow on rally, my 5wk envelope would coincide with the 5wk FLD, targeting NDX1595-1600 for that 5wk low.
Blackbelt, looking at RUT it is possible the 5wk low has not come in and will early next at 5wk FLD and lower channel boundry of move up from 4/29 low, about RUT667. A strong move up off there should run to RUT707-718, and about NDX1666. If we start diping Monday-Tuesday to these levels, I'm in long with options.
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