NASDAQ 100 INDEX - $NDX
Monthly chart shows index remains well below all key moving averages and the down trendline in place. Bottoming tails on the last three candles shows short term support is in place. However, the bulls can't seem to get much traction to take the market higher, despite the short term support being in place. No buy signal/pattern evident on this timeframe.
Weekly chart shows last week's trading session resulted in a doji candle pattern, indicating indecision between the bulls and the bears. Index remains below all key moving averages. No strong buy signal/pattern evident on this timeframe.
Sunday, December 14, 2008
$NDX Update for 12.14.2008
Posted by TraderZ at 12/14/2008 09:47:00 AM
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