matt.grindstaff.9

NQ Correction

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Behavior at the yellow box will tell us the magnitude of the correction. A quick bounce off the red/orange line indicates bull strength. If price penetrates deeply into the yellow box we may visit the 3600 area before long. The top holds some significance from the 2000 levels but I think the round number is likely what's holding it down (you'll notice it went over 3800 by almost exactly the futures-cash spread.)
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