MTU Weekend Ed - NDX (10/25/19 close)

NDX makes a new all-time high.

a second 13-week high?

 

MTU Weekend Ed. - WXY vs Triangle (10/18/19 close)

NDX invalidated the potential triangle we have been monitoring (red lines), SPX and INDU have not.  NDX can very well diverge from SPX to trace out a larger triangle (blue line) or some other structure. However, the potential  [w]-[x]-[y] structure (red) we have also been monitoring if NDX remains in sync with SPX.

SPX and INDU

MTU Weekend Ed. - Potential Terminal Triangle (10/11/19 close)

This past Friday's event-driven rally in stocks is consistent with the personality of the E-wave of a triangle.  If so, major indexes would be approaching the completion of a potential bearish triangle.  Prices need to drop below the October low to confirm such a scenario. See charts (red count).

MTU Weekend Ed - Triangles (10/4/19 close)

Once again, watch the (upward sloping) red line.   In addition, monitor the potential smaller EDT (blue) and the potential larger EDT (green).  

Completion count