NDX faces near-term downside risk with targets at 28660, 28315, or 2774; breaking above 29770 would negate the bearish signals.

Let's take a look at the uh NASDAQ NDX. And I'm running a little long, so I'm leave uh the VIX for our members. I put an update on the VIX chart in there for you. Uh and uh this uh you can see is kind of multiple sell signals on the NDX.

Now the question is this could be an early trough where the stock market made its low at the bottom of the range or it could have one more sizable selloff uh in here.

I made a case for the biggest drop that we would see about 7.3%. Uh and now I've even upgraded that based on what I'm seeing again. Here's that same pattern here. But I've upgraded those uh potentially declining here.

This is 28660. This is 28315. And this one right over here is 2774. Those are downside targets over the next few weeks. And then again getting into a much more favorable period.

Now looking at this level right over here, that is 29770. That's pretty close to where we are right now. If it gets above that level, it's going to give me a much more positive message overall.

So, we'll look at that as a positive level when I go to the S&P 500 because I want to say, okay, what's going to make me more positive? It's getting above this level right over here.

And that level right there is is a 7 770, let's say. So, if it gets over 7770 right over there, that will say this breakdown over here was false. also got support and then is in much better shape.