$NDX Rally Nears End, Eyes Major Correction by 2024
$NASDAQ 100(NDX)$ is nearing the final fifth wave of its rally from the 2002 low (!), expected to terminate by the end of 2024.
While a new all-time high is likely first, a significant correction—potentially cutting $NASDAQ(.IXIC)$ by -50%—is anticipated within the coming years as it enters its highest degree fourth wave.
A break below the yellow 2/4 trendline, originating from the 2009 (!) swing low, would strongly favor/confirm this scenario.
$Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$
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https://x.com/TriggerTrades/status/1830788114257764403
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