US Markets - Update on NDX
publication date: May 10, 2021
The NDX rallied just 7 points from our 1390 target and quickly reversed. As we noted on our May 6th note, "the inability of the index to move up from trend support for a short-term pop is telling," and the fact that the "pop" was so short-lived is very telling. It shows that selling pressure is increasing, and the index is at risk of breaking support at 13333.
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