On June 13th, I posted an NDX chart showing a possible head and shoulder completion at 1513 and thus a medium turn bottom. Link This turned out to be accurate so far. Since the neckline was around 1637, there is a real chance we will go back up there and test it. That would be around QQQQ 40/40.20. For NQ, that would correlate nicely with 1650/1655 which is also July monthly R1. I know I have put in a target at 50 dma, but keep this possibility in mind if bulls overlap.
This entry was posted
on Monday, July 03, 2006 at 3:43 PM.
