The weekly NDX continuous Chart has a Cluster of TL and 50% Resistance at 1635-45.
If the markets can overcome this 1645 area, it would be very bullish longer Term, but for now it is a Brick wall MOB resistance.
The red DTL comes in at the 1645 area and is from the All time High and has been Major Resistance at the 10/31/07 Major High as well as the 6/5 and 8/15/08 Highs.
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Raj Time and Cycles Daily Email is for both Stock market Swing traders and Day traders, trading the SP emini, ETFs, etc. Precise Master Timing makes all the difference! We use various proprietary Master Time & Cycle techniques to predict future Swing Highs and Lows+/-1,using Change in Trend (CIT) dates. For the Daytraders, we pinpoint the intraday CIT Times for the Highs and Lows +/- 5-10 minutes. We also use an intraday cycle technique that predicts the intraday Highs and Lows.
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