The NDX back-kissed the broken TL at yesterday's Highs (click on chart to enlarge).Yesterday's CIT needs some additional confirmation today.
If we take out yesterday's Lows, the CIT was a confirmed High (preferred bias).
If we take out yesterday's High, the CIT was a confirmed Low.
The CIT is valid until the next daily CIT comes along sometime next week..
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3 comments:
Here comes the next turn
Close, I had 4/15/08 CIT Low @1.05-1.20 pm (actual Low was 1.15 pm)
Bears just took a little break.
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