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Lower Bollinger Band Walk appears for NDAQ after 1.17% move
On Friday, June 26th, NDAQ moved up 1.17% while volume surged to 2.9× the usual levels. The unusually high volume suggests institutional participation in today's move. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 77.59, 76.62 & 75.49, with resistance at 79.69, 80.82 & 81.79. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of NDAQ: F
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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