NDX Gaps Up and Can't Follow Through

TVC:NDX   NASDAQ 100 Index
The gap up and lack of follow through on the close has a pretty good track record recently of signaling further short-term (day to 2) downside. While NDX spent most of the day in strong price territory, when the big boys came out to play late in the day price couldn't hold. 4 recent pump and fades have resulted in lower immediate pricing.

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