NDX/NAZ Continue downward pressure on the US Stock Market

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article59409.html The Market Oracle – Financial Markets Analysis and Forecasts – CLICK TO READ ARTICLE

Stock Market Downward Reversal Or Just Correction Before Another Leg Up?

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index). Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook […]