Tuesday, March 8, 2016

NDX100 into the Selling Zone........Or not?

NDX100 Daily Chart @ Close 03/07/2016
4th Day of Indecision as the Rally (Counter OR otherwise) falters in the Zone between the 50 & 200 Day SMAs; the 61.8% retrace @ 4414 awaits with THAT Gap just below 4600 'beckoning' for the unwary Bears/ Shorts who may well yet feel similar pain to the Longs who suffered amid the January 'event'.