NASDAQ 100 INDEX - $NDX
Monthly chart shows that the bears have now taken back all the gains made since April 2008. Currently a lower high is now in place. Look for continuation lower. No buy signal/pattern evident on this timeframe.
Weekly chart better shows the lower high made in early June 2008. Index currently below all key moving averages on this timeframe. No buy signal/pattern evident on this timeframe either.
Daily chart shows that the increased selling pressure began with the kicker signal pattern, where it became evident that investor sentiment has changed. No buy signal/pattern evident on this timeframe.
Saturday, July 05, 2008
$NDX Update for 07.05.2008
Posted by TraderZ at 7/05/2008 02:45:00 PM
Labels: $NDX
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