NDX is now tracing C wave of orange 4, it should end between 15000 and 14500, 0.382 and 0.50 retracement respectively. No overlap area should be respected and not breached, magenta SMA broken then regained as in previous corrections. Second half of January and February would see another, penultimate push to ATH, followed by March correction - the final one. Seasonally strong April could mark the final push higher in this 13 year old bull market.
Valuations are at stretched to the point never seen before in recorded history, no matter what metric you use. The bear will be fierce.
Watch the breadth closely.
Valuations are at stretched to the point never seen before in recorded history, no matter what metric you use. The bear will be fierce.
Watch the breadth closely.
