corporate culture - wednesday, page-2

Again the sellers tried to break it, but failed, and the rally from the early morning low was strong. This 2 hr chart of the NDX futures now has that large engulfing candle out of the low which tells a thousand words. Price didn't get up to the prior high at '10' so there is a series of lower highs now (4 stand out). After the third one there is potential for a sell off but the try for that outcome seems to have failed. The buyer are still there, waiting for a chance to pile in.