Saturday, June 12, 2010

NDX - Weekly Market Thought 14062010

Hold one more week ascendant trendline and that fact is bullish for now, but below 1900 i`ll follow bearish view, follow/check MACD indicator.
Can be a bullish HS, but this is not the moment to follow that scenario.
Ascendant trend line next week number 1800.14.
Natural target for this moviment ( need close below trend ) > Test range [1656,1680].
Breakout(close) below 1779 market win momentum downside. Close weekly below 1656 expect 1450
First resistance 1900 area ( Remeber week Breakout need to close weekly above )
Enjoy your weekend. Next thought soon. Click to zoom in. Good luck folks.


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