Nasdaq 7-29-2010

July 29th, 2010 by admin Leave a reply »

Today: The Nasd futures are trading fairly firm overall in buystalk mode, but this
morning the futures are a bit hemmed in here between 1875.00 support and
1879.75, and it may be a bit of a battle to see which direction wins out. Above
1879.75 and they may begin to get some legs and fight to get up toward the
1886.00 resistance. There is a heavy effect though at 1875.00 this morning, and
the futures have to break free or be pulled back under that level though, and if
they were to leak down below 1864.75 then a fresh round of selling begins and
takes them lower.

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