NASDAQ 100 INDEX - $NDX
Monthly chart shows increasing downside momentum. Index is now well below the up trendline in place. First downside target is way down at the .786 fib level of 1107.3. No buy signal/pattern evident on this timeframe.
Weekly chart shows increased selling came into the marketplace last week, as all the bears wanted to get out of their positions as quickly as possible. No buy signal/pattern evident on this timeframe.
Daily chart shows the index is well below all key moving averages. No buy signal/pattern evident on this timeframe.
Sunday, October 05, 2008
$NDX Update for 10.05.2008
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