NDX Update: Daily TF Sept 6
The NDX is down -0.70% for the day.
Things to note:
- price has failed to rally and get back into BF channel for 3 days now
- bear target #1 is gap fill @ 11.77k
- bear target #2 is gap fill @ 11.3k
- IF we get a re-test of the June low, bears need it to break & bulls need a double bottom
- bull target #1 re-test BF channel
- bull target #2 break above the 50/100SMAs and fill gap @ 12.6k
Things to note:
- price has failed to rally and get back into BF channel for 3 days now
- bear target #1 is gap fill @ 11.77k
- bear target #2 is gap fill @ 11.3k
- IF we get a re-test of the June low, bears need it to break & bulls need a double bottom
- bull target #1 re-test BF channel
- bull target #2 break above the 50/100SMAs and fill gap @ 12.6k
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