NDX: Still 'Ridgeline' to Scout.

Steve McDonald

Steve McDonald

— 1 min read
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NDX: Still 'Ridgeline' to Scout.

Filed under: "UPSIDE CAPITULATION"

1/2 Day Period (195 Minutes): Alternate to 240 Minute Chart BUT likely a Comparable Perspective as it captures the Open | Close Trade Activity equally.

  1. NOTE the EMAs gave a Timely Entry Point for a Tactical Long Trade (< 25,000 to 29,973 Close = 20%) amid the then Online 'DEAFENING' chorus of Doomsday Prognosticators.......? Price isn't listening to them.
  2. Higher Trending Trajectory of 9EMA > 17EMA until 17 Breach => Signal that a Potential High in the making as evidenced Last Week amid a TdM Countdown.
  3. Outside~ Down 1/2 Day Reversal today. To be CLEAR- 1/2 Day AM High > 1/2 Day PM Tuesday | 1/2 Day AM Low < Tue PM Low + Indecisive Daily Chart @ - 0.09% albeit within a Narrow Daily Range.
  4. Previous such NOT evident for Rally > 22.8K SO perhaps we TAKE Notice?
  5. Let's NOT forget the TdM 13 Daily Countdown & NEED for a Weekly Signal.
  6. "Patience" it is BUT if there's Smoke from THIS Ridgeline; best we NOTE it!
NDX100: Half- Day Chart (195 Minutes)

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