Replies to post #30379 on ajtj99's Market Pulse

[ajtj99]

Big black stick on the first NDX candle this AM:

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...

Those are usually topping sticks. If this is a corrective move off the low, we could head down and test some rising support.

If it is an "a" of an a-b-c off the low, we could meander down a bit in a "b", followed by a "c" up towards the 1450 NDX resistance to finish an "A" up.

Ideally, that would be followed by another corrective move down, another corrective move up to re-test 1450 for a "C" up, then a new 5-wave dump to match the one from the June 30 highs.

[Justa Werkenstiff]

Marke: Short term sentiment moving back to neutral.