NDX Formed A Potential Reversal Pattern on June 9

The NDX may have formed a key 2b Top reversal pattern on Friday, June 9. The intraday high surpassed the high seen on Monday, June 5. However, the index closed below the closing high seen on that day. This is a rejection of the recent high, and if the index does not close above June 5, it is likely to indicate that the NDX falls lower towards a gap at 13,600.