NDX Approaches Important Price Support Level

We are currently on top of a relatively important price support decision in NDX cash.

The first price support zone that I have illustrated on the weekly chart is currently being tested at the 2609-38 area. The 2583 area is a single projection, though it can still be watched. The next price cluster zone that stands out is 2514-36.

Bottom line, the bigger picture pattern in the Nasdaq is still bullish if price holds above the June 2012 lows. This is where I start watching to see if the recent decline MIGHT be terminating! You can trade this with the QQQ.


Remember no trigger no trade!