NDX - On The Fence

Similar to SPX, NDX although it made a second strong move upward I dont like the gap down, nor that it falls to effectively engulf the up move.

And so I think this could be a shakeout reversal and Wyckoff UT UpThrust that could see NDX either re-test the 1:1 before a harder bounce, or begin the next leg down.

But I'm not confident either way so I'll need to see more chart and will not be entering any Nasdaq stocks for now.

Not advice.

코멘트:

This could potentially fill the gap to form a H&S / LPSY.

코멘트:

Gap filled, H&S printed, if it falls then its LPSY and i'm guessing it will and re-test the 1:1.

코멘트:

Its either going to go up or down 🤔.

코멘트:

NDX looks ugly here in this LTF ascending channel which is often bearish. I'm not making any new stock trades. This is a very complex correction now so a bearish corrective pattern can easily lead to a bullish corrective pattern.

코멘트:

Uhh yuck thats really sloppy price action.

코멘트:

I'm not on the fence anymore 😄