UPDATE: Because some have asked, I am watching NDX / QQQ today closely. So far, it has been weaker than the other indices (SPX, DJIA, and RUT -- Russell 2000). I am carefully watching the high on NDX / QQQ from yesterday = 284. I suspect QQQ's price will not *close* above 284, though we all know *anything* can happen, so manage your risk appropriately if trading, ok friends?
From an EW perspective, a strong close / break above yesterday's high may mean another retest of the downtrend line on the original chart at the top of this idea page. Watch the same pattern on the other indices if you can. So far, indices seem to be stalling out near the highs from yesterday, June 30.
Thank you everyone who has commented, liked or followed this idea! I appreciate the support as I work towards mastering the markets with all of you.