Near Term Trend: Bullish
As of 10/20/2017 close: 6,108.82
UPDATE: Last week, I suggested shorting bounces to 6119 with stops above 6337 on a monthly close and with a target of 4915 5,080.
NDX toggled the 6,119 line this week closing just below that level. Remember, this is a monthly chart and the resistance starts at 6,119 and could feasibly stretch up to 6,337. If 6,119 holds, the downside target is 4,916. If 6,337 holds, 5,084 is the target.
Same strategy sell longs at 6,119. Get short up to 6,337 and cover / get long at 4,915 5,080.