NDX Cycle Price Targets
· NDX generated a preliminary 10D cycle target shown below, which will be almost surely confirmed on Monday, barring a>200 close down on Monday.
· Moreover, this target could survive a multi-day pullback.
· NDX has also generated a preliminary 40D cycle upside target that can be confirmed even with sideways/pullback price action next week.
· If confirmed, the cycle target may or may not extend to a new high, depending on if/where the right FLD boundary is crossed.
· There is a possibility that an 80D cycle upside target may be generated in a week or so. TBD. Will re-examine that in a week.
· Higher targets for cycles longer than nominal 20W cycle are not possible in the foreseeable future.
· This is consistent with L+VL cycles in down-phases as indicated by time cycle analysis.
· This is also consistent with my general observation that short cycles, plus possibly an 80D long cycle, may be driving the summer
