NDX faces resistance at 28000 and support at 26616, Yuriy Matso notes

NDX faces resistance at 28000 and support at 26616, Yuriy Matso notes
NDX resistance at 28000, support at 26616

NDX has encountered resistance at the 28000 level twice, while 26616 marks the recent bottom.

This observation was made by Yuriy Matso.

Matso has previously tracked notable moves in related indexes. He reported that QQQ dropped 6.6% from its record high in eight sessions, a pattern with multiple historical precedents. In another note, he observed that QQQ closed Nov. 5 at $647.05, down 14.8% from its October record. These past declines have informed recent debates about market direction.

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