Today: The Nasd futures had the buystalk shut off yesterday, and tested the
daily support line at 1846.00, and “buoyed” back above there before the close.
Today the daily support line is at 1846.50, and the line still has some upward
energy so it should be “buoy” support again through today’s session. Yesterday’s
low was 1038.50, if below there the index may try to break free from the line and
go lower, but once momentum slows there, it should still try to fight back
upwards. The 200 day MA is back in play here also for the index, which cuts
across at 1848.25 today in the futures.
NASD 7-30-2010
July 30th, 2010 by admin Leave a reply »
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