Notice today that it hit resistance and "kissed" the bottom of the green uptrend line before falling back down.
Keep your eye on the consolidation in the 1900 to 2000 range and watch for a breakout in either direction.
NDX 3 Monday / Daily Chart
Thursday, August 30, 2007
NDX Showing Some Strength
The NDX rose quickly today in the morning session, but lost some of it's steam to close with a topping tail candle. The NDX is currently sitting right at the 61.8% retracement level. A close above the 61.8% would raise the probabilities off of completing a 100% retracement back to the highs.
Notice today that it hit resistance and "kissed" the bottom of the green uptrend line before falling back down.
Keep your eye on the consolidation in the 1900 to 2000 range and watch for a breakout in either direction.
NDX 3 Monday / Daily Chart
Notice today that it hit resistance and "kissed" the bottom of the green uptrend line before falling back down.
Keep your eye on the consolidation in the 1900 to 2000 range and watch for a breakout in either direction.
NDX 3 Monday / Daily Chart
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