Nasdaq 100 Ending again

The Nasdaq 100 and composite look different and that is that. So on the 100 index it is possible to draw converging lines that can be indicative of a ending diagonal in progress. Then we are in the final wave of wave e of the pattern. The lines need to be watched as support and resistance and failure to breakout on the upside followed by a trend reversal as risk near term.

 

The 100 and Composite indices differed at the Y2K top as well. the 100 then too developed into an ending pattern within converging lines.