NDX - TIME TO GO LONG?!
Keeping it simple
Long: Close above 15500 and I think we go to new all time highs on the Nasdaq.
Short: Close Below 14250 and we watch for a break of previous swing low. After last weeks thrust, I am doubtful we go that low again.
This looks like distribution in an overall uptrend. Moving averages turning back up. Bouncing off of key support at the 200 SMA and right around the 38.2 retracement level from the March lows.
LONG INTO END OF YEAR!
I AM NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE.
Long: Close above 15500 and I think we go to new all time highs on the Nasdaq.
Short: Close Below 14250 and we watch for a break of previous swing low. After last weeks thrust, I am doubtful we go that low again.
This looks like distribution in an overall uptrend. Moving averages turning back up. Bouncing off of key support at the 200 SMA and right around the 38.2 retracement level from the March lows.
LONG INTO END OF YEAR!
I AM NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE.
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