With the positive meeting of Friday the NDX forged ahead nearly up to the resistance with 1.030. Superordinately however the downtrend is still intact, which speaks in the doubt for falling courses.
The price samples of the past 3-4 meetings result in wave-technically still no consistent picture. The outlined Subwave i' and ii' became more unrealistic further in running, but due to the expansions week conclusion. An exact trend direction is only with difficulty determinable for the next 1-2 meetings. However a break of the downtrend, whose delimitation runs momentarily with 1.017+, would be very at short notice a positive trend signal.
A friendly commercial start would be therefore positively, there then in the context of an intermediate correction further profits to 1,033 and later if necessary. even to 1.051/52 are possible. This rise would be to be understood however despite all that only as Rallye in the superordinate downtrend. So for a long time the trend delimitation is not yet overcome, outweighs however within the short term Intraday range the downward pressure. The short term supports are at 1.001 and 955 points.
Market technology: The market-technical situation must be rated for the moment as neutral. The short term trend strength indicators are positive and/or have bullische divergences. Trend followers however still are against it in the sales range, so that unterm line cannot be derived exactly, which tendencies will become generally accepted. A friendly meeting start gives anyhow the excursion for the bulls.
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