ajtj99's Market Pulse

[ajtj99]

Well, I was anticipating an intra-day low today that would be buyable and profitable based upon seasonal patterns. Price stopped at just below the low end of my expectations posted last night, and the only thing that's concerning me at this time is the violence of the move down. We engulfed 50 candles on the 60-minute NDX chart, and that's not normal.

The indices need to recover much of this drop and take out some falling resistance lines by the end of the day for up to remain the prevailing trend, IMO.