Short NQ and NDX Cycles
- Let's examine closely NQ and NDX, short cycles first
- NDX short cycles are aligned with the positive seasonality toward the 4th of July
- NQ short cycle could provide an upside bias toward late July; it is somewhat puzzling that they are not closely aligned
- However, L+VL and S+L+VL cycle composites are pointing down and they may suppress short cycle and left-translate them
- I will show the three dominant NDX and NQ cycles next