NDX and QQQ - Critical Moving Average Test
The central level was breached again, and the bounce was short-lived as expected
Last Friday, in the S/R levels edition -access here- I mentioned the relevance of the monthly levels as follows:
A big watch out will be the central level for most of the indices during March, have those levels in mind, since they may set rejection for the bounce.
SPX: $5,979.9
NDX: $21,171.5
Today, the SPX price action precisely hit the previously mention…