Nasdaq is about to make Top like Y2K or already made the top

During Y2K top, it took few weeks to make the final top. Definite top was made after the Fact in rear view mirror.
Would say that will be the case this time. We will find out in September that top was made in August or October if top was made in September.
Most likely Top will be made around August Option expiry week or by September 2021.

HYG was holding up till now it's getting wobbly.

Comment:

150 Months cycle in play
1929 top to 1942 Bottom 151 Months
1994 Bottom to 2007 Top 151 Months
1974 Bottom to 1987 Top 152 Months

1987 Low to 2000 high was 150 Months
1998 Low to 2000 High was 17 Months

2009 Low to 2021 17 Months = August 2021
2020 Low to 2021 17 Months = August 2021


With price action today Top was in right on time.
There will be retest coming In Early September should head south
Watch Stoch once it cross then game is on

Most it took from bottom to top was 152 Months. Either top come now or By October. even if you are 2 Months early Drop will bigger so big.

Comment:

HGY isn't looking to good. It's a good sign

Comment:

Comment:

Top is in once When NYSE McClellan Summation Index goes under Zero. Market will enter Bearmarket for sure. then all bounce should be sold until it goes in oversold territory.
use the link
bit.ly/3mg0dAX

Comment:

Top is in once When NYSE McClellan Summation Index goes under Zero. Market will enter Bearmarket for sure. then all bounce should be sold until it goes in oversold territory.
will take around 33/34 months to reach bottom also we will see 1 huge bounce that will take time to resolve to downside
use the link
bit.ly/3mg0dAX