Wednesday, April 16, 2014

Signs of a LOW; or just a significant pause?

NDX100 Daily Chart @ Close 04/15/2014
It would appear that the recent Biotechnology 'carnage' may well have run its course.
The series of Daily Chart patterns in the NDX100 is likely signalling that 'enough is enough' & some respite/ retrace is now to be expected.
3615/25 becomes Resistance & 'Re-Load' level to monitor.