Thursday 13 May 2021

NDX-100 Nasdaq in trouble! NDX at critical cloud chart support zone! Make or break week!

NDX-100 Nasdaq in trouble! NDX at critical cloud chart support zone! Make or break week! NDX is testing cloud chart support zones at bottom end of the cloud. Need to see a rebound at these levels. If support fails then the outlook will change from bullish to bearish from a cloud chart trading perspective. Price action above the cloud is generlaly bullish, and price action below the cloud is bearish. Index is down more than 900 points since the sell signal above the cloud! Critical day ahead!

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