Near Term Trend: Bullish
Fridays Close: 5,921.52 (+ 0.01%)
UPDATE: Last week, I suggested buying if NDX tests 5,710 with a target of 6,100 and stops below 5678.
The NDX continued the recent upside move for the duration of last week blowing off any concerns about valuations or top-ticking the market. Technically, the upside now projects up to 6136 perhaps after a pullback.
Buy any dips in the NDX down to 5,750 with stops on any daily close below 5,709 and with an upside target of 6,136.