NDX was lagging yesterday as it made a new high after DJIA but faltered, forming what looked like a perfect reversal candle on daily. Indeed market opened and sold off 100 pts in a short time but also recovered slightly.
But IMO price action does look bearish for further downside. A possible low risk entry will be to allow a pullback to the PZ for a short down to 15573.
If market instead sell off from here, 15573 will be a good level to look for at least a 100 points bounce.
But IMO price action does look bearish for further downside. A possible low risk entry will be to allow a pullback to the PZ for a short down to 15573.
If market instead sell off from here, 15573 will be a good level to look for at least a 100 points bounce.
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