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Tuesday, January 6, 2009

Nasdaq Analysis 1/07/09 - January 7, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/07/08

Nasdaq Support & Resistance Levels - January 7, 2009

Resistance Levels: 1675, 1700

Support Levels: 1600, 1560 - Chart

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The Nasdaq continues to break out after closing several days above 1600. We are now testing 1675-1690 resistance that I have been talking about for months following the fact that we would close above 1600. 1700 will be another level of resistance so it will take some big buying to get through this area. Support stays at 1600 since it was the low from yesterday.Things are looking great, the volume is starting to come back validating this latest up move. For More Technical Analysis, Go Here

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