NDX Consolidation Pattern

The primary wave count on the NDX is looking for a pullback into wave B at support levels 12567 for a wave C rebound. This is a catalyst for a healthy consolidation in the medium term and we expect this short term pullback to hold at wave (ii) support for a potential rebound into wave iii. Look to close out on existing -ve delta butterfly spreads once wave (B) support at 12567 is reached.