Replies to post #49634 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

There is a cluster of support at or near NDX 1070, including the 13-EMA on the daily chart, the gap from last Wednesday, and a rising support line. If NDX 1090 does not hold, that's our next support. The 60-minute chart is oversold, but the ADX is not at any extreme level.

The daily NDX RSI is resting right on a rising support line. Either it bounces, or we drop to the 50 level:

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