NDX Fall

The NDX fell close to 40 points today, and to continue on yesterday's topic, the 4 major sectors that make up the NDX gave us a road map up to this resistance as 3 of them all hit resistance areas at the same time.

By watching these sector charts everyday you'll be able to start to understand the power they have when they all move in sync, especially when they bounce together off of support or resistance.

The Software, Internet and Biotech Sectors all smacked up against resistance all within a 2 day period. The Semi-conductor sector is still languishing at lows so it also weighs on the the NDX.

The lesson here is to keep on the right side of the trend and trade reversals when the stars align.

Here are the charts:

NDX Daily Chart:




Semi-conductor Index Chart:




Software Index Chart:




Internet Sector Index Chart:




Biotech Index Chart: