Sunday, January 9, 2011

NDX - Daily Market Thought 09012011 - Target fill and achieved

Last report 16 November 2010  I thought this:
Trend Bullish all time frames
Bullish head shoulders target underway 2142 .
Above 2022 Expect target between range [2142,2150] possible extension 2191.
Big level 2282 possible if spx test 1220 high of the year."
Can see all thought ndx HERE
Target fill last friday and achieved.
Next lebel sitting 2395 but need to break 2282 at weekly close to win momentum.
Potential reversal ndx need to close daily below 2234 to test [2190,2200] possible extension to 2150.
Click to zoom in.


1 comment:

  1. I do agree that market is bullish on intermediate and long time frames but not so sure about the short term. Here I see weaknesses.

    Check out my blog if you have time.


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