Wednesday 29 July 2020

NDX-100: Reversed lower after hitting target! Now testing key P&F chart support zone!

NDX-100: Reversed lower after hitting target! Now testing key P&F chart support zone!

NDX-100 reversed lower soon after hitting the 10925 P&F chart target. It is on its way to test a key trend line support zone on the P&F chart. Potential rebound from the 10500 zone. If support fails at this key level, then the downside P&F chart target of 9600 gets activated and the NDX can sell off down to 10300/10050 to test support levels. If those levels fail, then we heading to 9600!


NDX is down 380 points since the P&F chart sell signal! Need to see a key P&F chart reversal to the upside at these key support levels to signal a reversal of the current downtrend!

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