NDX faces near-term downside risk to levels like 277.25-28660 due to sell signals, but a break above 29770 would be bullish.

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 sell-off uh in here. So, there's all of these conflicting pieces of information.

And uh that's why we're in a rotational range that we are with a correction, not able to go very deep whatsoever. Uh, 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 277 and a quarter. 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.