Sunday, March 18, 2012
NDX Weekly - What`s next?
At this levels we don`t entry long will wait pulllback R/R is to high at this level.
Suspect will not be easy NDX break [2725,2775] area at least before pullback.
Later after pullback good chances test red area for sure.
Checking past performance Rsi indicator last years is very clear that close last friday lower band resistance/confluence area (horizontl box) check the chart. So let me put this very clear short-term view upside from here is small.
Chart check resistance area RSI and two major resistance levels if mkt continue move higher.
Click to zoom in.
Suspect will not be easy NDX break [2725,2775] area at least before pullback.
Later after pullback good chances test red area for sure.
Checking past performance Rsi indicator last years is very clear that close last friday lower band resistance/confluence area (horizontl box) check the chart. So let me put this very clear short-term view upside from here is small.
Chart check resistance area RSI and two major resistance levels if mkt continue move higher.
Click to zoom in.
Thursday, March 15, 2012
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