How Steve Miller’s view on $NDX changed

Let's take a look at the Nasdaq and X indices. I've gone on a bit too long, so I'll leave the VIX volatility index to our members. I have put up an updated chart for the VIX index there for you .

As you can see, there are multiple sell signals on the NDX index.

The question now is whether this could be an early bottom, with the stock market hitting its lowest point at the bottom of the range, or whether we might see another significant decline here.

There is a lot of conflicting information, and that is why we are in a fluctuating range with a correction that cannot go very deep at all . I had predicted the biggest drop of around 7.3%, and now I have adjusted that based on what I see.

Let's take a look at the uh NASDAQ NDX. And I'm running a little long, so I'm leave uh the VIX for our members. I put an update on the VIX chart in there for you. Uh and uh this uh you can see is kind of multiple sell signals on the NDX.

Now, the question is this could be an early trough where the stock market made its low at the bottom of the range or it could have one more sizable sell-off uh in here. So, there's all of these conflicting pieces of information.

And uh that's why we're in a rotational range that we are with a correction, not able to go very deep whatsoever. Uh, I made a case for the biggest drop that we would see about 7.3%.

Uh, and now I've even upgraded that based on what I'm seeing.