Monday, September 26, 2016

NDX is trading in the range again

After making new highs for the year last week, NDX is back in the range ($4836- $4750) that it has been trading since the start of Aug end of July this year. At the moment it looks as if the 50DMA ($4800) is proving to be the resistance/floor for the index. But for it to stay in the range, the bottom of this range is around $4750 so we will have to wait and see if that holds in case we break below the 50DMA.

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