Friday: Late Afternoon Jitters

The Friday trading session was quite tame and even a tinge bullish up until the last 30 minutes when a flurry of selling took down the NDX down to new lows. The SPX and DOW followed suit and also closed near the lows of the day. Amazingly, the RUT held up much better then the others and closed smack in the middle of the days trading range.

Also of note, while the NDX continued the sell off into the last minute of the session, all the others got a little relief bounce in the last 5 minutes.

With that action, the NDX formed a "shaved bottom" daily candle which suggests there could be continued selling on Monday morning. Important also to note that NDX did NOT hold support at 2050 and closed at 2034 - The 2000 area seems the next likely level to stall or find support.

NDX Daily Chart: