Monthly NDX chart showing 13-EMA and 20EMA targets at 1364 and 1358: <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]maclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J6471081,Y]&pref=G" target="_new">http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]maclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...</A> Note how the lower volume re-test of the 50-EMA on the monthly last month led to this drop to test the March lows this month.