Tuesday, October 27, 2009

NDX - Bulls Need to Give Signs of Life

The first big level to watch was tested today 1723.
Very close to activate Wedge.
Daily RTS neutral zone
Hourly any divergence bullish at close.
The bulls need to start tomorrow to show signs of life. Otherwise, this index will have strong declines in the coming weeks.
Suport 1663 "Daily",1682 "D";
Resistance: 1741 "Hourly",1752 "H",1761 "Daily"
Below 1752 nothing new and I expect targets " Big Picture vs Road Map"
Remember analysis last weekend: Big trades for all.