NDX Testing 1933
It looks like the NDX will test 1933 this morning. That might be a good place to try a short.
1933ish was the 6-19-07 low as well as the morning low of yesterdays trading action in the NDX. If the NDX gets above tat 1935 will be the next resistance to contend with. On an intraday basis I think this move might not hold. As equally oversold the market got this morning its becoming quickly overbought.
I’m still short index funds, but hold no put options anymore.
As I finished typing this I see the NDX hit 1933. Lets see what happens.
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