In part 1 we noted the gaps to start 2015 that were likely to fill, and in part 2 we updated the progress. Part 3 will close the series because there are no more gaps. All are filled and now the market’s job is to prove it can use this process as support. Lower lows to December’s lows would be most unwelcome by conventional stock bulls.
RUT smashed support and is looking to the SMA 200.
NDX is right there.
SPX needs the December low to hold as support.
INDU looks to 17,200(ish).
Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com.
