Tuesday 7 August 2018

NDX Nasdaq100 index getting closer to old high resistance zone!

NDX Nasdaq100 index getting closer to old high resistance zone!

Consolidation risk remain high at these old high levels, as well as expect some seasonal weakness over the August to September months! (Front cloud support at 7283 zone.)
Watching closely or the MACD sell signal at these old high resistance levels.



The NDX equal weighted index is once again getting closer to old high resistance zones of 3846/3828!
The NDXE needs to follow-through , similar to the NDX index, for this market to be in a healthy condition! Downside risk remain high!

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