Monday, May 30, 2016

NDX100 in pursuit of the 4593 Gap?

NDX Daily Chart @ Close 05/27/2016
Ability to hold 'the line' amid a 38% retracement of gains from 3888.78 now sees a Rally unfold seemingly intent on Closing both the immediate Gap left Open April 21 @ 4523 post the Reversal witnessed April 19 with an Outside- Down Day.
Beyond that lies the 4593 GAP left Open once 'batting' began January 4 & the ensuing near collapse amid China/ Commodity/ FANG woes.