NASDAQ 100 INDEX - $NDX
Monthly chart remains bearish with market in consolidation with a bear flag pattern in place. Look for eventual break lower.
Weekly chart shows the continued weakness of the index. Loo for continuation lower.
Daily chart shows that traders were in a rush to exit their positions at the open of Tuesday's trading session, creating a gap down which remains to be filled. Look for continued weakness and the minimum downside target to be the .786 fib level of 1077 area.
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