Near Term Trend: Bullish / Neutral
Fridays Close: 5,803.11 (+ 23.24)
UPDATE: Last week, I suggested looking to buy NASDAQ leaders when NDX tested 5,568.40 with an upside target of 6,080 and stops below 5568.
The NDX didnt bother dropping to 5568 support before staging another rally attempt. However, unless 5822.33 is conquered on a daily close, we could still see 5568 tested.
I would be patient and look to buy down at 5,568. Stop out on daily close below 5,568 and look for 6,080 on the upside.