NDX100: In trouble, trading below the cloud! Critical week ahead!
NDX 100 in trouble now as the index sliced past bottom end cloud chart support zone on the daily cloud chart. Old cloud chart support levels are the next key levels to watch for a potential rebound!
Price action still above the cloud on a weekly basis, and if support comes into the market the rally should be ok into the Q4 year end! Outlook: Bearish on both the daily and 4 hour chart. Bearish right down to key support zones, and then potential rebound! Outlook on weekly still bullish since price action is above the cloud with downside risk to top end cloud chart support zones!