NDX Update 4HR Sept 12
We gapped higher @ open (expected from last week).
Things to note:
- looking for bullish cross of 9 above 21 by 1:30PM EST
- bull target # 1 50SMA & downward slopping resistance @ $12,875
- bull target # 1 300SMA @
13K
- RSI getting there but still room to grow
I would expect the trendline and 50 to be hard to break at first, reason is because the RSI is getting overbought anyhow, so makes sense to get rejected, cool-off, then go for the rip.
Things to note:
- looking for bullish cross of 9 above 21 by 1:30PM EST
- bull target # 1 50SMA & downward slopping resistance @ $12,875
- bull target # 1 300SMA @
13K- RSI getting there but still room to grow
I would expect the trendline and 50 to be hard to break at first, reason is because the RSI is getting overbought anyhow, so makes sense to get rejected, cool-off, then go for the rip.
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