NDX Thursday

Another wild ride on the NDX this morning with a drop down only to be followed up by another huge retracement. The bulls are still in the wings waiting to buy the bargains. As you can see on the chart below, we broke the downtrend on the 15m chart and now we'll watch to see if we can stay above the green uptrend line. A break below the green line would signal weakness.

NDX 15m Chart Thursday 12:25pm EST