Well Traders, the $NDX has been a cheeky little bugger today. The index rose $12.22 to end the day at $1,833.71. It seems the news at Amazon (AMZN) was good enough to give the $NDX a little push.So now what? Well, the $1,820 resistance has been breached, so it now becomes support. My next (weak) resistance is at $1,848, which was the high on 1/16. It looks like we may get close to that level, then based on the MACD and STO, fall back down a bit. The March trade lost a bit of ground today, but overall I am still in the plus. I always need to be on the defensive and get ready to move the trade if it gets a little hairy. Until that time though, I am staying the course.
Happy Trading!
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