NDX is in oversold condition. The major support is at 1350. For QQQ, the support is 34. SPX support is 1075 and INDU is 10000.
NDX
Tag Archives: Ndx
NDX
As expected NDX retreated right from 20SMA intraday.
Current Position: SUNW: -0.45 (this is the original lot. I have bought more in the range of 5.17-5.45); LFC: +0.16; CHN: +2.11; SOHU Mar 30C: -0.20 (I have closed some bought from 0.65 – 0.9).
NDX
As expected NDX retreated right from 20SMA intraday.
Current Position: SUNW: -0.45 (this is the original lot. I have bought more in the range of 5.17-5.45); LFC: +0.16; CHN: +2.11; SOHU Mar 30C: -0.20 (I have closed some bought from 0.65 – 0.9).
Bounce to 20MA
The 20 MA has become overhead resistence or maybe not. Anyhow, it needs to go over 1500 to be back in bullish mode.
Reversal Indeed :-)
NDX did go up a little today.