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| NDX100 Daily Chart @ Close 11/03/2016 |
A few weeks past; the NDX100 our 'lead' pony in a market seemingly bereft of signals? The "Outside- Down Key Reversal" WAS negated BUT left a contemporaneous Weekly Shadow that suggested 'vulnerability' best described Equity Markets pre- FOMC, US Elections......hell Facebook 'news' even (L/T 'Short = Our View).
Either way & the Correction is well & truly underway with 'our' 4650 Target (THE WEEKLY) firmly in sight ahead of the NFP's.
Should matters get 'unhinged' beyond that (4650); 4525 & 4450 are quite doable in the current environment.
