NDXTrader
Short

Another NDX H&S Idea

TVC:NDX   NASDAQ 100 Index
If you wanted to get more aggressive and label the last week or two as the right shoulder, you get a much more aggressive pullback than the other H&S ideas I've posted previously. This one has the advantage of completely dead volume on the right shoulder and the peaks of the shoulders being symmetrical
I appreciate your analysis of NDX, along with the Chart posted , showing multiple head and shoulders, within the NDX Chart Pattern.

Because of your perceptive analysis, I am now following your Posts and want to compliment you on your work.


I am a NDX trader myself, and among many charts I keep up manually each trading day , I use a Daily Close Only on NDX.

Upward TREND LINE in NDX since 11/14/16 Close @ 4702.04, connecting the Close on 12/30/16 @ 4863.62,

and labeling that the MAJOR UPTREND LINE in NDX ,

MAJOR TREND LINE CLOSING SUPPORT is at 5535 this week ending Friday 7/14/17.

Weekly Charts are more substantive of major trend analysis, and forward moving analysis.


A close below NDX 5535 this Friday, would project down to NDX 5435 horizontal closing line support,

and below that NDX 5185, measuring the distance from the 6/8/17 all time CLOSING High of NDX 5885.20


To repeat, if this truly is a rounded Head and Shoulder's Top Building in NDX,

then NDX 5535 needs to be broken to the downside to confirm a top is indeed in place this week

Keep in mind the Uptrend line is rising and moves up to NDX 5560 next week.


The_Unwind
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asmartdog The_Unwind
@The_Unwind, Thanks for posting.
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