Naz TIME Alert

Now that the Nasdaq (NDX.X | Quote | Chart | News | PowerRating) cash is finally moving down from the Dec. 6 time and price high, I feel the need to alert you to the time parameters on the flip side that will tell us to watch for a potential low starting next week!!

The first grouping of cycles comes due between Jan. 21-25. The second group comes in between Jan. 28-29. Since these are trading-day projections after the MLK holiday, these dates will be adjusted forward by one day (Jan. 22-26 and Jan. 29-30).

Now this does not mean that we will definitely put in a meaningful low within this next "time window," though it does tell us that the odds are higher for this to occur, especially if price coordinates with timing. Notice that we are currently moving into a couple of key price cluster zones on this daily chart below. The first zone comes in at 1515-33. The second zone comes in between 1462-87.

Bottom line: If key price parameters are met into one of these next time windows, followed by strong reversal indication, I will have to consider that the decline from the Dec. 6 high may be terminating. If there are no indications of reversal, however, just stick with the current downtrend and continue to set up the sell side until proven wrong!!