Real nice reaction here from the $NDX. Bullishly engulfing off a critical level from the summer.
MFI is about to cross over as we reenter the bullish control zone on the RSI.
ADX shows the bullish trend is gaining strength, and we have backtested the 55EMA as support.
This structure is similar to our SPY and DOW trade, just a little farther behind the crowd.
Watching for a completion at the .786, but monitoring along the way. 12700 and 14000 have some over head resistance to keep an eye on, but after todays remarks from Powell, ive got a little more confidence!
MFI is about to cross over as we reenter the bullish control zone on the RSI.
ADX shows the bullish trend is gaining strength, and we have backtested the 55EMA as support.
This structure is similar to our SPY and DOW trade, just a little farther behind the crowd.
Watching for a completion at the .786, but monitoring along the way. 12700 and 14000 have some over head resistance to keep an eye on, but after todays remarks from Powell, ive got a little more confidence!