Today may have formed a minor bottom, the daily chart shows Williams extremely oversold (consistent with some kind of bottom) and MACD looks at the point of a bearish crossover, while volatility is low, consistent with tops..
Intraday, the bottom may well have happened coincident with the green time line slated for 10:00 A.M.. The low of the day was actually at 9:43 A.M. for the $NDX. I see positive divergence on many of the indexes intraday. The 1:00 - 1:15 P.M. period coincided with an unimportant intraday top...
I don't expect the bounce from here to amount to much...looking at the trendline chart, it recently respected the yellow line on a previous bounce, might do the same here, putting a target just above 1340 but probably not 1350...
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