NDAQ Chart – Friday Morning

I charted NASDAQ OMX Group Inc (NDAQ) again this morning while it was trading at $20.07.  This is a follow-up to my NDAQ chart on July 8th.  As I predicted that was the time to get in.  My naked puts are set to expire today for a profit.  From here I have to wonder if the 20 day and 100 day moving averages will continue acting as resistance.  I might not roll my puts if it looks like NDAQ will fall below $20 by close. 

Along with the moving averages, the trend line of lower highs is just above the current price.  Williams %R is starting to level out and is more neutral.  Waiting for NDAQ to head back closer to $19 might be a safer move right now.  I cannot call NDAQ a buy quite yet with the look of this chart.