Just a quick headline! NDX whipsawed back into a PMO BUY signal after two days on a SELL. After today's brilliant move by the technology sector, the PMO was yanked back up above its signal line.
This was a beautiful breakout today with a gap up to form new support at prior resistance. Hard to argue with what looks like an initiation impulse such as this on price. This doesn't look like a fake out rally, but I would expect to see it pause or pullback slightly.
Helpful DecisionPoint Links:
Technical Analysis is a windsock, not a crystal ball.
**Don't miss DecisionPoint Commentary! Add your email below to be notified of new updates"**