Thursday, April 2, 2009

NDX breaks resistance

the NDX broke 1280 today and ran up to 1311. Some possible upside targets are 1331 monthly R1 or 1380(gap) or even 1426 monthly R2 and 38 fib retracement. Now that resistance at 1280 broke, it now becomes support on any pullback. Use a close below 1280 as your stop.