Yesterday I shared that the NDX was “Kissing the underside” of key resistance. (see post here) I ask the question…Was this a “Kiss good-buy” or a “kiss good-bye?” I did the post yesterday due to the micro look of the pattern in the NDX, being concerning if long and actually an opportunity if attempting to score on defense.
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On a VERY MICRO basis, this pattern looks encouraging for those attempting to score on defense at (1) in the above chart! It is WAY to early to say the NDX is in trouble, yet if support line (3) is taken out, odds increase a good deal that the way to play the NDX 100 is on DEFENSE (PSQ)!
