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NDX Topping Setup Completes

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I had a couple of overhead targets that I was looking for this week, and the chances of making the ambitious one on SPX in the 4350 area finally withered and died with the hawkish FOMC comments yesterday.

The more important one was on NDX however, and that has completed as expected this week, with the final part of the topping setup there completed with the new all time high today.

There is now a very attractive nested double top setup there, and a possible daily RSI 5 sell signal is brewing.

NDX daily chart: