Note that it stopped at S/R line this morning. This is just a touch above the 0.618 fib level between recent bottom and ATH . Is it going to rally past and melt up or was this a last gasp before correction?
At teh 1H, RSI oversold, MACD up with previous highs. Feels a lot like the end of August.
@DaddySawbucks, I've had this same feeling 2x in the since March: beginning of June and end of August. Both ended with a bang. Totally agree, going to have to wait until next week. Maybe the 15th for a Thursday drop like last time.
Looks like NDX still has some running room after it was consolidating for the last week. Burned off some momentum for one big push IMO.