NDX Daily TF
As noted in the weekly TF update, the NDX has been bouncing around in a Bear Flag since the June low @ $11,040.
Things to note on the daily TF:
- rejection @ BF resistance channel @ 13.7K on Aug 16
- got a bearish cross of the 9SMA below the 21 on Aug 26
- price action is below the 9/21/50/100/200/300 SMAs which is bearish, BUT the 50 looks like it might want to cross the 100 which would be bullish for the short-term
- we got a bearish breakdown of the BF support channel @ 12.3K on Sept 1 & closed 2 daily candles BELOW it (bearish)
- on the bullish side, we are holding at a strong liquidity zone around
12K which could signify that the market wants a relief bounce
Things to note on the daily TF:
- rejection @ BF resistance channel @ 13.7K on Aug 16
- got a bearish cross of the 9SMA below the 21 on Aug 26
- price action is below the 9/21/50/100/200/300 SMAs which is bearish, BUT the 50 looks like it might want to cross the 100 which would be bullish for the short-term
- we got a bearish breakdown of the BF support channel @ 12.3K on Sept 1 & closed 2 daily candles BELOW it (bearish)
- on the bullish side, we are holding at a strong liquidity zone around
12K which could signify that the market wants a relief bounce
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.