Point and Figure chart clearly shows the Nasdaq 100 (NDX) is approaching a dangerous double top in price near 7700, all the while on a Crossover "Sell Signal, with the True Strength Index (TSI), since October 2018.
True Strength Index TSI, developed by William Blau in 1991, and first published in "Stocks And Commodities", is a unique momentum oscillator, whose center line crossover, reveals the purest Signal of Trend Direction.
Momentum in this nearly straight up price rally in NDX in 2019 continues to decline, even as price advances week after week towards it's all time high.
TECHNICAL CONCLUSION :
Nasdaq 100 is extremely vulnerable for a significant adjustment, or price decline in 2019. The only question is simply WHEN...?
Check out my very recent post this week on the Weekly RSI Indicator Bearish Divergence on the NDX
NDX is also historically overbought in it's "Bullish Percentage" (BPNDX) with a reading above 80,
which unfortunately tradingview.does not include in it's indicator summary for analysis.