Friday, January 31, 2014

NDX100 Tactical LONG Trade: was always the intra- day stance after last week's carnage.

NDX100 Hourly Chart @ Close 01/30/2014
As per last week's THE WEEKLY: the Tactical posture going into this week was looking for an intra- day BUY signal on the NDX100.
That opportunity afforded itself in the last hour Wednesday with a Clear Indecisive Hourly Pattern coincident with a Daily Chart exhibiting similar characteristics.
The result: a rewarding 1.86% gain Thursday basis Close/ Close.