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Teich50

NDX still trading in a rising channel

Short
US 100 Index (TVC:NDQ)  
Teich50 Updated   
TVC:NDQ   US 100 Index
Chart Patterns
8
1
chartpattern
Short with stops above the low 6400s.
Comment:
My target is the middle of the channel at the low 6200s.
Comment:
NDX had a huge drop today. There's a good chance that it will touch the middle of the channel at the 6220s over the next few days (or in AH via NQ futures).
Comment:
After bouncing off the mid-channel, NDX has trouble touching the top of the channel again. It looks like the uptrend is weakening a bit.
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