US 100 Index

NDX - Will it make 10000?

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NDX has broken the previous high on the back of the skyrocketing FANG stocks. Surely the moon is now in sight?

I am not so sure and looking back to the start of this EW cycle it may be that a top is very close.
Cycle wave III was a fib 4.238 of wave I and 0.618 of the waves I to III range is around 9870.

Even with the massive rises in wave V RSI has diverged from the high in wave III and continues this trend.

If correct cycle wave V may be an ending diagonal which may have reached wave 3 to be followed by waves
4 and 5 with wave 5 maybe spiking to the 10000 point.

Good Luck

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