Well Traders, it looks like the $NDX is gonna make a run at $1,848 before it decides what to do. I suspect, based on the MACD and STO, that it may get there, then fall back down to support, either at $1,820 (previous resistance), or way down toward the $1,771. If it does fall back down to the $1,771 area, then I would feel pretty comfortable about the trade. At this point though, I am hoping the index does not break through this $1,848 resistance level because then I am really have to be on my toes ready to make a roll or two to protect the trade.
Let's see how things shake out. Happy Trading!
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