$NDX has just about reached the 62% retrace (2021.25) of the October '07 to March '08 drop..this is it's second visit to this level...Exponential resistance is above this at 2025 and 2032...
On 60 minute charts, market is overbought relative to RSI, and daily put/call ratios are consistant with a top..
On 60 minute charts, market is overbought relative to RSI, and daily put/call ratios are consistant with a top..
Here is one of the Intermediate trendline charts showing the blue downsloping trendline being approached and almost touched again...
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