NASDAQ COMPOSITE REVERSAL ROADMAP

NASDAQ;COMPOSITE; had a turn date on 27th,OCTOBER,
and we have seen a very sharp turn higher from those LOWS.
the rally from LOW of 12,543 has been sharp,
straight,
and strong,
But unfortunately this move again would end up as an apportunity to again sell at higher levels.
NASDAQ during the year has done remarkably well,
Infact NASDAQ is the only outperforming index in entire U.S. MARKET,
Just to put things in prospective,
the broad RUSSELL 2000 INDEX have broken below its OCTOBER,2022 LOW.
So entire U.S. MARKET outside headline INDICES have broken very badly,
So just dont fall for false BULLISH narratives watching DJI S&P or specially NASDAQ,
it’s a deadly trap which would burst in coming months.
BUBBLES are easy to point after the crash takes place,
but very tough to call before the crash actually unfolds.
There is always a process to be followed to predict and trade such major moves,
So let’s discuss the short term setup after the recent rally.
first of all 6th,NOVEMBER was a key CYCLE date,
so the intraday low of that days low at 13,435 is going to be extremely important.
A daily close below 13,435 would signal the end of this rally,
Once it signals that it should test the HEXAGON support of 13,250,
If 13,250:also breaks then INDEX should continue lower till 12,851,
which would complete the HEXAGON rotation.
The crack down would take place below 12,851 which should carry the INDEX down till earlier shared levels of 12,477 and 12,100,
So dont hope for things to happen,
follow the process step by step.
NOVEMBER,16,
17,
and,
28,
are upcoming turn dates here.