Look for 1843, 1900 and 1980 to resist up above. A fall below will likely retest the 1775 area.
NDX Daily Chart:
NDX 30 Day / 60 Minute Chart:
Thursday, January 31, 2008
NDX Levels
The NDX was on fire Thursday and finally broke through the downtrend line on the daily chart. More importantly, it successfully retested the line on this mornings open and rallied hard after the bounce. While this is initial good news for the bulls, the probabilities are high that another sell-off into strength is right around the corner.
Look for 1843, 1900 and 1980 to resist up above. A fall below will likely retest the 1775 area.
NDX Daily Chart:
NDX 30 Day / 60 Minute Chart:
Look for 1843, 1900 and 1980 to resist up above. A fall below will likely retest the 1775 area.
NDX Daily Chart:
NDX 30 Day / 60 Minute Chart:
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