Тrading diary / Position trading, Swing trading, Daily trading / Technical analysis Дневник / Практическо приложение на технически анализ / Споделяне на идеи
May 10, 2026
Update
The impulse playing out as expected - DJ looks like ED,NDX/SPX with normal impulse.
Pattern and cycles are in the late stages... next week should be game over.
The final impulse playing out as expected, currently in v/5.
DJ will be the ED completed....
Daily cycles late in the cycle may be a few more days.
The upper trend line has been reached with double RSI divergence on the weekly chart. Impulse or zig-zag - in both cases it is a significant high. All this four years after the previous important top.
May 3, 2026
Update
If you look at indices like NYSE,DJ,SPXEW,DAX you will see clear decline for the expected 5w low. Sharp move up on Thursday - with very high probability from the 5w low. On the other side this happened on day 9 - in the late stages for the 20d high so the reversal on Friday is not a surprise.
On one side the indices should move up into a 5w high on the other side decline into 20d low. Not sure how it will play out. My best guess at the moment is shown on the chart.
NDX so far zig-zag for w5 - either it continues iii/iv/v of 5 or if you take into account that more time is needed it could be wave i of 5 for ED.





