NDX Bearish Momentum Builds; Eyes on 50 DMA
$NASDAQ 100(NDX)$ - Daily Chart:
There is a bullish crossover in the Stochastic oscillator, but a green day tomorrow seems unlikely considering the $Tesla Motors(TSLA)$ and $Alphabet(GOOG)$ $Alphabet(GOOGL)$ earnings reports.
Today's candle foreshadowed a bearish move, and the key level mentioned this morning was not surpassed.
The red arrow points not only to the bearish candle but also to the imminent bearish crossover between the 10 and 20 DMA.
Price action is targeting the 50 DMA, currently at $19,389.
...I liked more a red Monday... $Invesco QQQ(QQQ)$
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https://x.com/SmartReversals/status/1815874016348913882
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