NDX Holding the current support level at 12700. If the index breaks this level a re-test or a continued sell-off is in play.
Scenario 1: Re-test at 12400 or a re-test of the monthly low at 12200.
Scenario 2: A continued sell-off could force the price to test the 200 MA. A move to test the 200 MA would be mean this sell-off will approach -15%!
Nevertheless, as long as the index holds at 12700, we're looking bullish for the time being.
Scenario 1: Re-test at 12400 or a re-test of the monthly low at 12200.
Scenario 2: A continued sell-off could force the price to test the 200 MA. A move to test the 200 MA would be mean this sell-off will approach -15%!
Nevertheless, as long as the index holds at 12700, we're looking bullish for the time being.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.