Tag Archives: ndx

US Stock Market; Bounce Upcoming?

The US stock market is negative pre-open, but don’t be surprised if we get a strong bounce soon.  It could be a trade-able bounce.  I have bought a couple items in anticipation and am watching several more.

A bounce is a bounce; a trade.  It is what happens on a would-be bounce that will be important going forward.  What will the market do at resistance?  That will tell us a lot about what this thus far mini correction will be, another quickie or something more lasting.

SPX has firm support at around 1800.

spx

One of the leaders, NDX needs to bottom shortly and make a ‘higher low’ to February or it is going to activate a bearish intermediate signal.

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