NDX gapped down below both the 50 and 100-day Moving Average and is on its way to fill the gap.
I think it could very well touch the support level at 10730.
The MACD line crossed below on both the 1h and Daily and just bounced off on the 4h chart.
The possibility of a weak reversal is possible tomorrow but not betting on it.
**Just an Opinion.
I think it could very well touch the support level at 10730.
The MACD line crossed below on both the 1h and Daily and just bounced off on the 4h chart.
The possibility of a weak reversal is possible tomorrow but not betting on it.
**Just an Opinion.
Comment:
many big techs earnings are just days away and it's obvious many of them if not all of them will provide weak guidance going into the next quarter and that could weigh heavily on the NDX.