S&P500 index overlayed with Nasdaq 100 index.
My preferred observations atm:
- For this chart, these indices share the same count.
- [iii] is extended.
- RSI negative divergence supports that impulsive wave 1 has completed.
- RSI positive divergence supports that wave [b] is current.
- The typical target [iv] awaits the 2.
- The second chart does not detract.