NASDAQ 100 INDEX - $NDX
Monthly chart shows the selloff found initial support off the .707 fib area. Index remains well below all key moving averages. No buy signal/pattern evident on this timeframe.
Weekly chart shows continued bearishness, with no buy signal/pattern evident on this timeframe.
Daily chart shows index remains well below all its key moving averages, with no buy signal/pattern evident on this timeframe. Look for continued consolidation before the next leg down.
Sunday, October 19, 2008
$NDX Update for 10.19.2008
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