Wednesday, June 8, 2011

Nasdaq (NQ) holding resistance turned support 6/8

the Nasdaq index on Monday broke what looks like very strong support around the 2278 mark. It was almost certain we would at least come back and test it going up before heading further, and the question was would be if it could hold and keep us moving down over the next couple days and it looks like it clearly has. We are now quickly moving past this level and if we close near lows today, I see no where for it to stop till we get to the 2200 level

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