Thursday, January 24, 2008

NDX Levels

The NDX gained an impressive 2.09% to close at 1826 and cleared the highs of the last 2 day's candles. It also cleared the 23.6% Fib with the next upward Fib target (38.2%) at 1900.

The NDX futures were up after hours largely in part to well received Microsoft earnings and may open higher on Friday.

Upon moving up, 1843 may act as resistance on the move up, but if it can clear that area it should clear the downward trend and would be another short term bullish signal.

NDX Levels:

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