NDX & DJI: Key Levels & Indicators for Potential Pullbacks
1. $NASDAQ 100(NDX)$ - Daily Chart:
Previous occurrences when the Money Flow Index crossed 70 were followed by pullbacks as highlighted.
Will this time be different? and the 50DMA will hold a healthy pullback?
The 4H chart has a potential bouncy chart, but price has to hold the current levels, otherwise a deeper reset would be in play.
To be more specific, $19464 has to hold price, otherwise a gap visit would be very likely.
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2. $DJIA(.DJI)$ - Food for bears:
Shooting stars are usually a sign of a local top.
The are exceptions, as the one highlighted by the black arrow, anyway the oscillator was not as overbought back then.
Pullback or rally continuation?
More reposts needed for $NASDAQ 100(NDX)$
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https://x.com/SmartReversals/status/1828201415589695490
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