NDX - Monthly
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There is an important Trendline for the Monthly Timeframe Price
is presently sitting on top of Monthly Support.
It is Trending Cloud Support using the settings I Employ.
NQ can easily fall to the 310 / 274 Levels, as well it can test the
14900 Level (200SMA) - should 15,500 Fail.
The Momentum Cloud would limit any retracement.
_________________________________________________________
All of the interim Supports on the Monthly break of the Lower trendline
are interleaved.
15,600 will be an interesting Level for Globex.
__________________________________________________________
The Operators will either dip in to break the Monthly trendline or defend
it.
The count is now 4/8 on the Daily TF, which implies lower, Counts have been
broken recently, but this may or may not be the exception.
There is the potential for a relief rally from Wednesday.
We will know far more as the week progresses.
Closely observe the 711s and VXN.
The 10 AM EST Sell has been in the trade for a number of days as has the closing
hour Sell.
_____________________________________________________________
Don't get out over your Skis. until the resumption has asserted itself.
We should anticipate a reaction Wednesday and perhaps a Countertrend
of a smaller order given the 8% drop which may continue to 12% prior.
Price will provide the Trade, Good Luck, everyone!
is presently sitting on top of Monthly Support.
It is Trending Cloud Support using the settings I Employ.
NQ can easily fall to the 310 / 274 Levels, as well it can test the
14900 Level (200SMA) - should 15,500 Fail.
The Momentum Cloud would limit any retracement.
_________________________________________________________
All of the interim Supports on the Monthly break of the Lower trendline
are interleaved.
15,600 will be an interesting Level for Globex.
__________________________________________________________
The Operators will either dip in to break the Monthly trendline or defend
it.
The count is now 4/8 on the Daily TF, which implies lower, Counts have been
broken recently, but this may or may not be the exception.
There is the potential for a relief rally from Wednesday.
We will know far more as the week progresses.
Closely observe the 711s and VXN.
The 10 AM EST Sell has been in the trade for a number of days as has the closing
hour Sell.
_____________________________________________________________
Don't get out over your Skis. until the resumption has asserted itself.
We should anticipate a reaction Wednesday and perhaps a Countertrend
of a smaller order given the 8% drop which may continue to 12% prior.
Price will provide the Trade, Good Luck, everyone!
Commentaire
NQ Weekly is on a SELL SIGNAL.Commentaire
The Weekly Extensions:15510
15355
15181
15104
15008
14854
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