last friday i said i was torn as my gut instincts said hard down to test 1375 by tuesday. my other indicators said we could bounce but it wasnt a strong signal. well, my prize possession gut was right as the ndx is now knocking on 1376. this are SHOULD serve as strong support or something really bad is underfoot. i would be worried if the ndx closes below 1370 today as that would most likley insure a trip to the first target of 1350 before any real bounce occurs.
i didnt take my forecast out past 1350 yet, but may have to do so soon. ideally we get to 1350 and boucne to 1400 area then back down and take out 1350 on the way to aug lows as 1300 which i believe will be taken out before years end. ill put something together by the end of the week most likely
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