I think the indices just put in a short term bottom and are ready to follow the charts to the upside after tomorrow’s Fed report.

I was looking for trendline support to be tested on the NDX at 1490, but it got 1491 and that may have been enough.

I’ll be going long big end of day today. If the Fed day turns out to be a down day I will still hold for the typical reversal day following.

Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .