Next support zone is at the base line of the cloud at 8254 on the weekly cloud chart.
Turning to the daily cloud chart: The NDX reversed lower after hitting the resistance zone at 8935/8902! Old cloud chart resistance zone!
Now the next key level to watch for a rebound is at the top end of the cloud support zone: 8254! If support holds NDX should rebound from here. If support fails at this level, then the next level is 7825 zone, a combination of the base line and close to the bottom cloud chart support zone.
The good news is that price action is back above the cloud! Thats bullish!
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