NDX DAILY VIEW FOR 8-5 19 AND PLAN.

. The NDX is below the bollinger band

. It held and closed around the 50 day moving average

. The RSI is around 41

Monday plan.

Looking to buy a retest of the 7645 low especially if there isn’t a bounce beforehand.

For the week I would expect the oversold condition to work itself off in the bollinger bands bands either through a bounce or back and forth trading.

I do expect new low on the month as there was a lot of technical damage done this week.

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