NDX - Bearish Stochastic Crossover in Overbought Zone
$NASDAQ 100(NDX)$ - Bearish Stochastic Crossover in Overbought Zone
Recently, this signal leads to a pullback to the 20DMA as its minimum target, and there is little reason to expect a different outcome this time.
However, the decline could be gradual. A continued bounce in $Apple(AAPL)$ , which I anticipated on Saturday's publication, may mitigate the selling pressure and slow the descent of the index.
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