SHORT TERM: NEUTRAL
After a pullback of sorts midday monday, the general market NAZ/SPX/DOW posted new highs, but again the NDX lagged. The futures are down a bit this morning, so maybe now we’ll see that short term pullback, wave 4, before again pushing to news highs. Support should arrive just above thursdays acceleration gap, or the previous first wave : NAZ 2210, SPX 1240 and NDX 1665. Posted a chart on the NDX 112105.
INTERMEDIATE/LONG TERM: BULLISH