NASDAQ 100 INDEX - $NDX
Monthly chart remains well below all key moving averages with no buy signal/pattern evident on this timeframe. Look for continued weakness.
Weekly chart shows the bears managed to take the index back below its 8ema. No buy signal/pattern evident on this timeframe at this time.
Daily chart shows 5 waves up into last week's resistance high. Look for retracement of the whole move up off the November 2008 low. First downside target is at the .618 fib retracement level.
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