Market Outlook NDX for Sep 28th '07

Dominant TF: Daily
Swings: UP-UP-UP
Market direction: mildly UP to UP, until resistance is truly tested.

60mins: neutral to mildly UP. Possible congestion.
NDX remains bullish and the 2125 target is now in sight. There is a resistance around 2094 (MM) on the way though, and shorter times frames look more congested.
In case of some profit taking, no substantial retracement, but NDX could hit 2078 - 2080.

Daily: mildly UP to UP
Simple copy/paste from yesterday: "NDX is very bullish and should therefore carry on its ride, although possibly bumpy, to 2125.
One must keep an eye on MM 'stall' level at 2094. No clear Fib target in sight, so we can only rely on MM levels for the time being."

Weekly: mildly UP to UP
No change in direction until AdStoK line meet, but significance level is low at this time frame, so this is nothing more than a background information.
One can probably anticipate increasing difficulty in reaching the strong MM level at 2125.