REDATOR Ben Graham Posted February 12 REDATOR Report Share Posted February 12 [#NDX] With both EMAs in a Golden Cross condition, supported by RSI(14) indicator in the Neutral-Bullish area and the appearance of a Bullish Divergence, then #NDX has the potential to strengthen toward its nearest resistance today. Key Levels1. Resistance. 2 : 25587.72. Resistance. 1 : 25393.63. Pivot : 25181.84. Support. 1 : 24987.75. Support. 2 : 24775.9Tactical ScenarioPositive Reaction Zone: If #NDX breaks out above 25393.6, there is a chance of a move up toward 25587.7.Momentum Extension Bias: If 25587.7 is brokenInvalidation Level / Bias RevisionThe upside bias weakens if #NDX falls below 24Technical Summary EMA(50) : 25189.6EMA(200): 25152.0RSI(14) : 54.74 + Bullish DivergentEconomic News Release Schedule:Tonight the United States will release the following economic data:US - Unemployment Claims - 20:30 WIBUS - Existing Home Sales - 22:00 WIBUS - Mortgage Delinquencies - TentativeUS - Natural Gas Storage - 22:30 WIBUS - 30-y Bond Auction - 01:01 WIBThe material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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