US Markets - Long trade in the March NDX

Cerundolo Investment Research    

US Markets Update  

Volume 6, Issue 6
January 27, 2022

 

Items of Interest: 

We like what appears to be a short-term bottom developing in the NDX, and we are putting on a long trade right here. Getting above Tuesday's high of 14520 would clear the highs of this week and a place to add to the long. Let's see if price can get to and above the yellow 50-day average at 15000. Above that area would then target the December lows at 15500. The S&P and Russell 2000 futures have a similar pattern.

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