Nasdaq Support & Resistance Levels - February 18, 2009Resistance Levels: 1500, 1535
Support Levels: 1450, 1434, 1400
http://stockcharts.com/ - Chart
The Nasdaq gapped below both the 10 & 50 day moving averages and took out the Feb 2nd low of 1476 to close at 1470 today. I now expect the Nasdaq to test the next support range which is between 1434-1450. If this range does not hold, look for 1400 to be tested. Every time the Nasdaq has reached the 1400's lately it has bounced back to 1600. If you like technology, this is a great area to start accumulating. You can buy QQQQ or QLD which is twice the move of QQQQ.Resistance on the Nasdaq is now at 1500. For More Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
