Slope of Hope Blog Posts

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Nasdaq Support Breaks

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I’m leading with the NDX and NQ charts this morning as they are driving the equities bus here. I posted my morning video for Daily Video Subscribers at on twitter before the open and if you missed that you can see that here.

NDX broke back over the daily middle band on Friday and that break needed to be confirmed with another close over that on the next trading day, and NDX failed to deliver that yesterday, which was a bearish development. NDX daily chart:

170626 NDX Daily