The short term trend is definitely up so this may just be a little pull back, but to be fair to the bears I just wanted to point out the downside evidence too.
NDX Daily Chart:
Wednesday, May 28, 2008
NDX: Head and Shoulders Forming?
Keep an eye on the NDX chart as it's in the early stages of forming a head and shoulders top. Too early to know if it will fully form or follow through, but if it does then 1900 would be the likely target down below.
The short term trend is definitely up so this may just be a little pull back, but to be fair to the bears I just wanted to point out the downside evidence too.
NDX Daily Chart:
The short term trend is definitely up so this may just be a little pull back, but to be fair to the bears I just wanted to point out the downside evidence too.
NDX Daily Chart:
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