Tagged: NDX

Something seems wrong with the chart of the Nasdaq NDX index.

Nasdaq- NDX

Weekly Nasdaq NDX Index. Photo credit ccvic.zenfolio.com

My conjecture is that the chart of the NDX index is showing a Head & Shoulders or Triple Top formation. I could also make a case for a George Lindsay Three Peaks and Domed House chart formation.  Stranger still is that the VIX is sitting at five year lows. Continue reading