Date: March 2014: ndx

ndx

NDX... bounce or not? Very similar setup to early Feb.

Comments

DinkDink
I don't think they are the same points. 
1) The low in Feb saw a momentum divergence. 
2) The entirety of today's candle is taking place, so far, below the lower 20 period bollinger band. 
3) That doji candle was a retest of a high volume distribution area. Today's candle is a breakdown of a high volume distribution area. Price would need to get back into the high volume distribution area to go from a breakdown, back to neutral. For now, it is a breakdown. 3/27/14
NFTRHNFTRH
Yes, I saw the volume too. Friday big VOL all over the indexes. I figured it was Op/Ex related. 3/27/14
DinkDink
I'm sure it was related to Op/Ex, but the way I see it is a day is a day, and unless price can recapture that "outlier", it is still important. 3/27/14
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