MATRIX Penny Stocks

[livermore4ever]

NDX technical update

Hi !!!
You should take a look at my NDX technical chart in order to understand my analysis:
http://globalspeculators.com/trading_futures/index.php?topic=21.0

The NDX is starting the week with a technical rebound… Today’s session started to fill the opened gap down from Friday, making 1,352 a resistance level for the next sessions, along with the 1,370 zone, which was the breakdown zone.

From Mach to July, the NDX was maneuvering on a trading range between 1,370 and 1,500… last week’s breakdown projects the NDX to an ugly price target, the 1,245 (target valid for 4 months).

On the chart you can also see the 1,425 zone, which is the next upside reference in case NDX start breaking up the first resistance levels.

Best regards,

Jesse Livermore