I hope you are right. I bought some RYDEX 2x NDX at Wednesday's close and then added more at Thursdays AM price. Sold all of it at today's AM price...oops. Daily is pointing up with room to run IMO. Weekly??? It looked ready to roll over, not it's straightening out. The daily $NAMO still concerns me.
There are 2 fairly distinct patterns. One pattern has the NDX chopping around and the other simply corrects while the index heads higher. I am leaning toward the first which is why I sold my longs. Where is the next trending market??