16/12/2020 #NDX $NDX Bullish Yes But Overextended
Another strong up yesterday. But on a bigger picture, price is just consolidating.
My bias zone at 12468.1-75.3. Possible bounce at this zone. 12508 and 12536.6 should possibly trade today (counter-trend). Looking for possible short to this level. Above R are 12624.7 and 12656.4 with 12723.4 possibly capping high of day.
Below 12468.1, lower levels are 12415.8-12422.9 (support zone) and 12350 should cap low of day. Below that 12285 is another level of support.
My bias zone at 12468.1-75.3. Possible bounce at this zone. 12508 and 12536.6 should possibly trade today (counter-trend). Looking for possible short to this level. Above R are 12624.7 and 12656.4 with 12723.4 possibly capping high of day.
Below 12468.1, lower levels are 12415.8-12422.9 (support zone) and 12350 should cap low of day. Below that 12285 is another level of support.
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