Reason to be bullish #1
NDX 15pt chart. Nice basing action. Can see the rounding bottom on the 10pt or the quad bottom on the 15pt. I do think that we test that bottom again, maybe fall short of 960 and set a higher low.
stockcharts.com 1,560.00 | 2 X + | | 1,560.00 1,545.00 | X O X O + | | 1,545.00 1,530.00 | X O X O + | | 1,530.00 1,515.00 | X O X O + | | 1,515.00 1,500.00 | X O X X O + | | 1,500.00 1,485.00 | O X O X O + | | 1,485.00 1,470.00 | O X O X O 4 + | | 1,470.00 1,455.00 | O X O X O X O + | | 1,455.00 1,440.00 | O X O X O X O + | | 1,440.00 1,425.00 | O X O X 3 O O X | | 1,425.00 1,410.00 | O O X O X O X O | | 1,410.00 1,395.00 | O X O X O X X O | | 1,395.00 1,380.00 | O X O X O X O X O | | 1,380.00 1,365.00 | O X O O X O X O | | 1,365.00 1,350.00 | O X O O X O X | | 1,350.00 1,335.00 | O O O X O | | 1,335.00 1,320.00 | O X O | | 1,320.00 1,305.00 | O X O | | 1,305.00 1,290.00 | O X X O | | 1,290.00 1,275.00 | O X O X X O | | 1,275.00 1,260.00 | O X O X O X O | | 1,260.00 1,245.00 | O X 5 X O X O | | 1,245.00 1,230.00 | O O X O X O | | 1,230.00 1,215.00 | O X O X O | | 1,215.00 1,200.00 | O X O O | | 1,200.00 1,185.00 | O X O | | 1,185.00 1,170.00 | O X 6 | | 1,170.00 1,155.00 | O O X X | | 1,155.00 1,140.00 | O X O X O | | 1,140.00 1,125.00 | O X O X X O | | 1,125.00 1,110.00 | O O X O X O | | 1,110.00 1,095.00 | O X O X O | | 1,095.00 1,080.00 | O O X O | | 1,080.00 1,065.00 | O O X X X |High| 1,065.00 1,050.00 | O X O X O X O X | | 1,050.00 1,035.00 | O X O X O X O X O | | 1,035.00 1,020.00 | O O X O X O X X O | | 1,020.00 1,005.00 | O X 7 X O X O X O |Avg | 1,005.00 990.00 | O O X O X O X | | 990.00< 975.00 | O X O X O X | | 975.00 960.00 | O O O | | 960.00 945.00 | |Low | 945.00 |