Nasdaq has reached the other side of the channel.
I've gotten away from using Log Scale but on a weekly such as this, it is appropriate.
A proposed top based on an extended wave [v]. This aligns with the theme that EWI was showing on the DJIA last night. There definitely appeared to be 5 waves up from yesterday's low and it failed to take out yesterday's high. We'll see, but at least we can put a count on things at the moment that might make sense.
In my estimation, the blue box area is a key area to watch.
Junk is selling. As opposed to not selling when the rest of the market was gyrating the past 4-5 weeks.
Nasdaq minis haven't taken out yesterday's high yet. The ES did by 2 points.
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