NDX Update: Sunny with a chance of pain?

Over the past many weeks, starting June 3 (see here), I have been looking for the NDX to reach $7500 through completing an impulse wave pattern.  On July 25 the index reached $7511 and reversed hard over the next three days. But, after that quick 2.8% drop to the 50-day Simple Moving Average the index…

NASDAQ-100 update II: You have arrived!?

Two weeks ago I was looking for the NASDAQ-100 (NDX) to reach the “Ideal target for all of minor-5 / intermediate-iii: $7165-7290.” Well… “You have arrived” 🙂 as it tagged $7291.31 on Thursday after nicely subdividing -as forecasted- and since started to decline a bit. That’s what expert and accurate stock market forecasting does for…