Monday, August 13, 2007

NDX Sideways But Had the Strength Today

The NDX gapped up, opened big and held onto those gains most of the day, but finished the day near the intraday lows. There's a wedge-like pattern forming on the 30 minute chart, and so far it's holding the uptrend.

Keep your eyes on that trendline as a break may send it testing the lows again.

NDX 20 day / 30 Minute Chart

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