NDX Weekly Chart:
Friday, June 6, 2008
NDX Weekly Chart
The NDX Weekly is showing some consolidation after the 375 point move up from March's lows. It could easily go either way at this point. It's currently below the 61.8% fib level from the October highs, and it would need to hold above 2025 for a couple weeks in a row for me to get excited about the long side. A weekly close below 1950 would likely change my bias to the downside.
NDX Weekly Chart:
NDX Weekly Chart:
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