Still think we have topped. No one is expecting a dollar reversal, right here, but my DXY analysis lines up nicely with some sort of pull-back in the indices. We saw them react, a couple days ago on a DXY B wave, so wonder what a bullish Ending Diagonal would do if we make new highs?
I am now tracking this reversal, which in alternation with the deep, drawn out Minor 2 should be quick and shallow, exactly like the ABC down we should be completing, now. I believe a reversal here will take us up in a choppy Ending Diagonal Pattern to push 105, then fail, then drop back to these levels then runnup once more in our Intermediate (5) of Primary C...
from the nastiest price action I have ever seen. I think this is a B, and we have a little C wave, down, then we start our Minor 5 of Intermediate 3. The pink Minute ED should be in order. We should stay in the lower green range until we move up in Minute III, then should still stay within the pink range.
It would appear that NQ Futures have completed their Intermediate B wave (counter trend rally) that began with last October's low of 10,484.50 by reaching all the way to 14,570 yesterday during cash market. It may take the rest of the market a little while to realize its over. Plus, ES appears to need more to complete to the upside, so I am guessing NQ could...