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NASDAQ 100 Keltner Channel Pinball • Indeed, NDX pulled back from the 50D MA and the middle Keltner Channel. • Both NDX and the NDX/VXN ratio dropped below their respective Keltner Channels. • Normally, they should both bounce now • However, the trend is down; NDX is below the 50D and 100D MAs, and both Keltner channels are trending down. • Accordingly, the NDX may again be stopped by these MAs and the middle Keltner Channel. $NDX $QQQ $NQ

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