The NQ(NDX) kissed the 50day moving average(Blue line) @1177, and the monthly P (yellow line P) @1167 today, and sold off, like I said it probably would last weekend. Stochastics(lower chart red/yellow lines) are overbot and starting to cross. Look for a possible retest of the the 50day @1177 tomorrow or a pullback to the test the 20 day moving average at 1126.9(yellow line)Monday, March 16, 2009
NQ tests the daily 50
The NQ(NDX) kissed the 50day moving average(Blue line) @1177, and the monthly P (yellow line P) @1167 today, and sold off, like I said it probably would last weekend. Stochastics(lower chart red/yellow lines) are overbot and starting to cross. Look for a possible retest of the the 50day @1177 tomorrow or a pullback to the test the 20 day moving average at 1126.9(yellow line)
