The pattern in the NDX is the clearest. It shows an expanding Ending diagonal consisting of 5 – abc’s. The final c of (v) appears to be underway and may even be complete by the end of the day, one week shy of 6 years from the March 9, 2000 low at 1040.41. Today it is at 430% of its starting value. I don’t know whether that is a coincidence or not.

SPX also appears to be in the final stage of its rally. It is difficult to say how much more it must go, other than to say that it is likely to exceed the prior high. The upper trendline of the Broadening Wedge is near 2130.00.

Regards,

Tony

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