Terrible CPI report, large gap down, continuing rally and RSI hits 16.
So in the short term NDX should be overextended.
But perhaps more importantly the long term 1:1 fib has been re=-tested.
And so very likely I think that NDX bounces here to fill the gap and from there we'll see
I'm buying PYPL and ROKU here also, sorry I dont have time to cover them live.
Not advice.
So in the short term NDX should be overextended.
But perhaps more importantly the long term 1:1 fib has been re=-tested.
And so very likely I think that NDX bounces here to fill the gap and from there we'll see
I'm buying PYPL and ROKU here also, sorry I dont have time to cover them live.
Not advice.
Comment:
Getting late in the day and I would guess the up move may start before markets open for the week as they are sneaky like that - but just a guess.
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