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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mad_one who wrote (19467)	6/27/2017 3:35:31 AM
From: John Pitera	Read Replies (3) \| Respond to of 33421

the NDX daily.... shorter term... action is acting corrective since June 9th top. The NDX corrected to it's .618 retracement with a quick think failed price probe up to the .764 retracenent are.... This morning the NDX is below the .50 retracement of the most recent decline from 6/9/17 down to 5641.25 level on 6/15/17. Here is a longer chart from TS that i have saved as a JPEG.... the resolution is horrible, I will see if there is anything I can do tomorrow to enhance the resolution. Here is the NDX from stockcharts.... my Fibonacci and cycle work is not on it however... it does appear that the run of over 140 days of the NDX index trading above it's 50 DMA should be challenged in the next couple of days. JP