|2019.02.15 NASDAQ Cycle Model Chart|
The NASDAQ cycle model is suggesting a local maximum in the May, 2019 time frame, followed by a drop to 6000 by September, 2019. I will remind readers that the equity cycle models are less accurate than their commodity based brethren, and also that timing of reversals is usually more accurate than the magnitude at the time of the reversal, as shown below and here on the blog. The medium term model output for NASDAQ is still on buy, as shown here.
|2019.01.18 NASDAQ Cycle Model Chart|