The NDX daily fast stochs and RSI are resting on a trendline. They either bounce, or drop. Full Stochs are kind of neutral after crossing down. ADX is also on a trendline on the daily:
stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][J6471081,Y]&pref=G
On the 60-minute, I've illustrated the slow stoch trendline I was talking about. Also, notice the RSI is in a triangle. Either we get a swift move up, or it meanders a bit before breaking.
Monday a break below NDX 1110 is bearish to 1100, then 1085 or so. A break above 1120 or so early on would indicate we're going to test the 1134 NDX highs and possibly surpass them:
stockcharts.com[h,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][j6471083,y]&listNum=1 |
