Tuesday, July 18, 2017

NDX ATH's again ??

The up-move that started in NDX on 7/7 has been strong, taking us back to the ATH's today. Although the uptrend is very strong the market could very well go sideways from here for a few weeks before determining the next direction.

The 30min time frame the index has moved up considerably since its breakout on 7/7.

The daily time-frame shows the index's almost parabolic move and seems a bit over stretched above the 50 DMA.